The EUR/USD currency pair might rise in the medium term, according to the daily chart. The RSI oscillator is 50, and this indicates a start for a bullish uptrend. A potential target might be 1.2014, where is Fibo 0.23 on the daily chart. Longer-term, EURUSD reaching the 1.2500 area seems just a matter of time. This pair will rise on Thursday, if Mario Draghi is ready to end the European Central Bank’s bond-buying program.
The most important data of this week:
US CPI MoM (+0.2% expectation); ( +0.2% previuous)
YoY (+2.2% expectation); ( +2.1% previous)
FOMC rate decision (+2% expectation); ( +1.75% previous)
ECB rate decision unchanged 0.00%
Eurozone CPI MoM (+0.5% expectation); ( +0.3 % previous)
YoY (+1.1% expectation); ( +1.1% previous)