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EURUSD D1 01 06 2020 0936

A medium-term increase is expected for the EUR/USD currency pair.The RSI oscillator is above 50, and the stochastic indicator shows an uptrend on the weekly chart. The price is above EMA 20, and EMA 50, and soon it will reach EMA 100. According to the daily chart, the MACD is still positive. The RSI oscillator is above 50, and the price has already hit EMA 200, EMA 50, and EMA 100. The price will reach 1.1272 in the medium term, where is Fibo 23%.

January 7
Eurozone CPI YoY (1.3% expectation); (1.3% previous)
MoM (0.3% expectation); (-0.3% previous)
January 8
Eurozone Economic Confidence (101.4 expectation); (101.3 previous)
US ADP Employment change (160k expectation); (67k previous)
January 10
US NFP (162k expectation); (266k previous)
US Unemployment Rate (3.5% expectation); (3.5% previous)

EURUSD W1 01 06 2020 0934

 

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