There are a number of indicators due out over the next week that could trigger breakouts for the US dollar.

The euro staged an impressive rebound against the US dollar from 1.4050 last week, closing Friday just below resistance at 1.4350.

Looking ahead to this coming week, there will be a flurry of UK economic reports but only two may have a substantial impact.

On Wednesday, Euro-zone industrial production is projected to rise slightly for the month of June, but after the German results reflected a small drop, there are downside risks for the broader release.

There were some signs of hope domestically with improvements in small business confidence and household spending.

The euro looks vulnerable in the week ahead as headline inflation figures point to the increasing likelihood of deflation while a the US Treasury holds a record-setting bond auction that stands to boost the dollar at the expense of the single currency.

Economic data due out this coming week threatens to hurt the British pound.

The Japanese Yen looks poised to advance in the week ahead as risky assets reverse lower, prompting liquidation of carry trades funded in the perennially low-yielding currency.

Looking ahead to Monday, data may show that conditions in US non-manufacturing sector.

Euro volatility looks likely in the week ahead as the European Central Bank issues a highly contested interest rate decision.