The EUR/USD currency pair might rise in the medium term, according to our technical and fundamental analysis. The RSI oscillator is above 50, and the price has already reached EMA 50 on the daily chart. The next target on the medium-long term might be Fibo 0.38 (1.1725) on the daily chart. The stochastic oscillator indicates an uptrend on the weekly chart.
The U.S. dollar continues to be low against other currencies amid renewed trade war fears and a rise in U.S. Treasury yields.
The most important data of this week:
Eurozone GDP QoQ (+1.5% expectation); ( +2.2% previous)
Germany CPI MoM (+0.1% expectation); ( +0.1% previous)
YoY (+1.7% expectation); (+1.7% previous)
FED Beige Book