- EUR / USD Sunday forecast indicates the end of the ECB speed end.
- The American economy added 139,000 new jobs compared to a forecast of 130,000.
- Next week, traders will focus on American inflation data.
EUR / USD Sunday forecast is Bikarska, because the situation indicates the evaluation of the ECB monetary mitigation cycle.
UPS and Devices EUR / USD
EUR / USD pair hit new heights during the week, but closed significantly below the level. Rally came after the European Central Bank meeting, where politics creators cut prices and reinforced the end of the cycle mitigation.
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ECBs Christine Lagarda said that the Central Bank was now in a good place to deal with any harmful effects of Trump tariffs. As a result, the euro rose. However, he pulled on Friday after the data revealed that the labor market of the American work remains resilient despite tariffs. The economy added 139,000 new jobs compared to a forecast of 130,000. As a result, facilitated expectations on the arrangement of fed feet.
Key events next week for EUR / USD
Next week, traders will focus on reports from the United States, which will provide an update of consumer and wholesale inflation. Previous readings have shown that inflation relieves. However, policy makers claimed caution and waiting to see if Trump tariffs have increased price pressures. If this is the case, the discontinuation of the speed will decline, amplifying the dollar.
On the other hand, if inflation continues its decline, policy makers will acquire confidence in order to predict the time of the next price of reduction.
EUR / USD Sunday technical forecast: Bukovi slabe about 1,1500 resistance
On the technical side, EUR / USD price refused to trade above 22 minutes. At the same time, the RSI broke over 50 years, to a semicircular territory. However, the bulls continue to face solid resistance at 1,1500 key psychological level.
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Initially, the price traded in a strong pattern, maintained above the 30th. However, this was changed once the bulls reached the key level 1,1500. Here, the bears have gained enough momentum to break under 22ths. However, they failed to withstand the move below SMA, pausing support 1.1104.
At the moment, the bulls took control, the goal of which the key level of 1,1500 is again. However, RSI indicates a weaker petition momentum, suggests that the bulls may not have enough strength to break from 1,1500. If this is the case, it could be returned below SMA next week, targeting lower lower.
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