EUR/USD remained depressed in the week, slightly rising to 1.1655 on Friday. The lower sentiments were mainly because of tariffs imposed by USA, and anxiety about counter measures that would be discussed during coming week (in addition to key Brexit agreements). While there is no significant announcement for Euro on Monday apart from Ifo Business climate, the week ahead is action packed with EU summit towards the end. In the meantime, the trade war continues expanding, as over the weekend, Jyrki Katainen, the EU commissioner in charge of jobs and growth, said that if the US applies new tariffs to European cars, as Trump threatened this week, the bloc “again, would have no choice but to react.”