The EUR/USD currency pair may grow in the medium term, according to our technical and fundamental analysis. A possible scenario is that the price may break the range to the upside and then continue moving upwards to reach 1.2500.
The most important data about the EUR this week will be the Euro Zone GDP QoQ (+0.6% expected; unchanged previously); MoM (+2.7% expected; unchanged previously), on Wednesday.
There are also expected important data from the USA: US CPI YoY (expected+1.9% ; +2.1% previous), and US retail sales MoM (expected +0.2%; +0.4 previous). On Thursday, will be released US PPI MoM (+0.4% expected; -0.1% previous), and US YoY (expected +2.5%; +2.6 previous).