EURUSD pushed ahead last week due to a poor U.S. jobs report. The problem with the jobs report is the Fed has to choose between unemployment or inflation to control. Since inflation has cooled off last month and the Fed insists its transitory, so will they reduce the pace of tapering or even delay it's announcement? This gives USD weakness. The issue this week is the ECB will not announce tapering on Thursday and the long positions on EURUSD from speculators may be closed or reigned in before then. With that in mind and the resistance to the left from a while back, we should see a retracement...