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Enter your emailThe pair will likely keep rising as bulls target the 50% Fibonacci retracement level at 1.1440.Timeline: 1-2 days.pair drifted upwards on the first trading day of the year.TRADE EUR/USD NOWThe EUR/USD pair rose slightly last week amid a low-volume environment. Most traders and investors were away last week to celebrate the Christmas holiday and New Year.
The situation will start to reverse this week as more investment companies are set to reopen. Also, there will be key economic numbers that will move the EUR/USD pair. Meanwhile, in the US, data by Markit is expected to show that the PMI declined to 57.8 while another one from the Institute of Supply Management is expected to show that the manufacturing PMI declined slightly to 60.1.
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