The 1.12 is HUGE for EURUSD. A post-QE bounce this week possible...ditto the rates. Friday's US wage data key. EMs!
If ECB did anything last week, it was...get people buy champagne to celebrate the EURUSD at parity. Let's see.
Figure 1. Zooming out
Technically the EURUSD looks at a very important juncture, the 1.