The EUR/USD currency pair might rise in the next period, according to the daily chart. The price has already reached EMA 50, and a potential near-term target is 1.1816 (Fibo 0.38 on the daily chart).
In the context of a low volatility, is hard to predict the future moves in the coming months. However, this week's key focus would be on the ECB rate decision, scheduled to be announced on Thursday.
The most important data of this week:
ECB rate decision (unchanged expectation); ( unchanged previous)
Mario Draghi’s press conference
France GDP QoQ (+0.3% expectation); ( +0.2% previous)
YoY (+1.9% expectation); ( +2.2% previous)
US GDP QoQ (+4.3% expectation); ( +2.0% previous)