The currency pair surged last week on global optimistic moods. EUR/USD targets 1.1500 psychological level.

Optimistic moods have seized the markets despite the growing numbers of coronavirus cases in different parts of the world. Euro optimism is directly connected to the expectations of adopting a new stimulation plan which is now discussed by EU leaders.

There are no important events this week except Friday’s PMIs. We expect EUR/USD to have a correction due to the lack of important data. EUR is bullish fundamentally.