The most important release for the single currency in the week ahead is probably the minutes from the European Central Bank (ECB) meeting out on Thursday, July 12 at 11.30 GMT.

These may give the market an idea of when the members of the ECB council envisage interest rates in the area rising - and higher interest rates generally boost currencies.

The June ECB meeting statement was less enthusiastic about raising interest rates, leading to a fall in the Euro, however, if the minutes show a different picture of the council's deliberations and encourage a more upbeat outlook the Euro could recover.

ECB President Mario Draghi will also be speaking in the coming week, on Monday afternoon 13:00 GMT and Wednesday morning.

Another major release is the ZEW business confidence index, which is out on Tuesday, July 10 at 9.00 GMT. ZEW is often a leading indicator for the Eurozone economy so a confident assessment from businesses could support the Euro.

German trade numbers will start the week on Monday at 6.00 GMT. Exports from the Eurozone’s largest economy are forecast to have risen by 0.75% month-on-month in May. German exports have fallen in three out of four months this year so a positive figure for May would add to the growing evidence that growth picked up towards the end of the second quarter.