Fundamentals and Economic Calendar:
ECB’s officers have started to talk about EUR’s strength, with Governing Council member Ardo Hansson saying that the central bank could end QE “in one step” without any problem, adding, however, that many eurozone countries are not prepared for an interest rate reversal. This Tuesday, German’s inflation figures will take centre stage, while the US will only offer the NY Empire State manufacturing index.
EURUSD Forecast and Technicals:
EURUSD has been consolidating in Asia session between 1.22900 and 1.22500 ahead of Germany data.
EURUSD is being priced at 1.22680 currently. On the H4 chart; the price is above all main Moving Averages. RSI value is 80.