• EUR/USD returned to its bearish ways on Friday.
• A broad upswing in the Dollar Index continues to pummel the Euro.
• Coming up next week: DST, EU CPI, US PCEPI, and another NFP print.

EUR/USD trimmed a near-term rebound on Friday, slamming the door on a clean bullish recovery and keeping bids trapped near the 1.0800 handle to round out the trading week. Fiber shed another half of a percent from Monday’s opening bids, challking in a fourth straight losing week and dragging price action down even further from late September’s peak just north of 1.1200.

Markets will kick off next week with the start of Daylight Savings Time across the European continent, shifting market open hours by an hour. The front half of the trading week is a sedate affair, with Euro traders looking ahead to Wednesday’s European growth update. Pan-EU Gross domestic Product (GDP) growth is expected to hold steady in the third quarter, forecast to print in-line with the previous quarter’s 0.2%. Meanwhile, the annualized growth figure is expected to tick upwards from 0.6% to 0.8% YoY.

Next Thursday will round out the Euro’s representation on the economic calendar, with preliminary Harmonized Index of Consumer Prices (HICP) inflation for October. Headline EU HICP inflation is expected to rise to 1.9% YoY compared to the previous period’s 1.7%.