ANZ Research discusses EUR/USD outlook for the coming week.

"The EUR/USD pair set a fresh cycle low of 1.1215 this week, which we think is more a function of both the move up in the USD combined with France’s fiscal concerns," ANZ notes.

"EUR/USD is testing under 1.13 today. We think this is likely close to the floor. The move in the OAT-bund spreads and USD rally have all been absorbed. It is hard to see any developments in the week ahead that could take the EUR/USD lower, so we expect the 1.12– 1.13 range to hold in the week ahead," ANZ adds.