President Christine Lagarde and Co. may continue to stress that the EUR 1.350 trillion envelope for the Pandemic Emergency Purchase Program (PEPP) 'should be considered a ceiling rather than a target,' and that the Euro will continue to outperform its US counterpart ahead of the next ECB meeting on September 10 as the central bank speculates on additional monetary aid. Furthermore, note that if German employment data is published positively, it can help EURUSD to rise.
Technical perspective:
EURUSD creates a new HH and will pullback to the entry zone (Fib Extension overlapped with Fib Extension which comply with SnR) before going higher.
Technical perspective:
EURUSD creates a new HH and will pullback to the entry zone (Fib Extension overlapped with Fib Extension which comply with SnR) before going higher.