EUR/USD fell to new 2018 lows but managed to bounce after the US Dollar suffered its own disappointing data. What's next? GDP and inflation figures stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD.

German factory orders fell by 0.9% and added to the misery while the euro zone's largest economy's industrial output rose by 1%, better than expected. The data is not impressive, but at least not all in the red. In the US, inflation fell short of expectations with 2.1% on Core CPI and weighed heavily on the US Dollar. Fed Chair Powell and ECB President Draghi did not provide any news.

Updates:

EUR/USD daily chart with support and resistance lines on it. Click to enlarge: