Pin It

EURUSD D1 04 27 2020 0909

The EUR/USD currency pair might fall in the near term, based on our technical and fundamental analysis. The price has already reached EMA 20, EMA 50, and EMA 100, on the daily chart. The MACD is still into negative territory. The price is also below EMA 20, EMA 50, and EMA 100 on the weekly chart, and the RSI is still below 50. The Stochastic oscillator indicates a downtrend in progress.

The most important data from this week:
April 29
Germany CPI YoY (0.7% expectation); (1.4% previous)
US GDP QoQ (-4.0% expectation); (+1.8% previous)
FOMC rate decision (0.00% expectation); (0.00% previous)
FED Chairman Powell press conference
April 30
Germany unemployment change (77k expectation); (1k previous)
rate (5.2% expectation); (5.0% previous)
Eurozone CPI YoY (0.7% previous); (1.0% previous)
Italy GDP YoY (-5.2% expectation); (1.0% previous)
ECB rate decision (-0.5% expectation); (-0.5% previous)
ECB President Lagarde’s press conference

EURUSD W1 04 27 2020 0910

Forex, Commodities signals
Subscribe now to our exclusive forex signals
Contact our advisors through website chat

Payments

Contact Us

office@forexcapitalexperts.com

office@mscapitalconsulting.com

mscapitalconsulting