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EURUSD D1 07 13 2020 1042

 

The EUR/USD pair will continue to rise in the near term. According to the daily chart, the RSI oscillator stays above 50, and the price remains above EMA 20, EMA 50, and EMA 100. A potential target for this pair is 1.15 level in the medium-term. 1.15 was the spike high following the initial covid-19 fears when the global stock markets started to sell-off. The uptrend is also confirmed by the weekly chart. The RSI oscillator is above 50, and the price stays above EMA 20, EMA 50, and EMA 100, on the weekly chart.

The most important data of this week:

July 14

Germany CPI YoY (0.9% expectation); (0.6% previous)

                        MoM (0.6% expectation); (-0.1% previous)

Germany ZEW Economy Sentiment (60 expectation); (63 previous)

US CPI YoY (0.6 expectation); (0.1% previous)

July 15

ECB Interesr rate decision (0% expectation); (0% previous)

July 17

Eurozone CPI YoY (0.8% expectation); (0.9% previous)

                      MoM  (0.3% expectation); (-0.1% previous)

EURUSD W1 07 13 2020 1040

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