The economic calendar for the upcoming week is not filled with important events for the EUR/USD pair. The tone of the trading will be set not by macroeconomic data but by geopolitical events.

In the previous two previews, we examined the events in the Middle East that are expected in the near future

As a rule, in each "Weekly Preview" review, I list all the most important events that may influence the movement of the instrument

Monday marks the beginning of a new week, and in this review, I would like to discuss the economy, economic reports

Even before the start of the negotiations in Islamabad, I said that the likelihood of achieving a peace agreement was minimal

Bullish traders have received a strong impulse.

Bullish traders have been on the offensive for five consecutive days.

The odds are high that EUR/USD will continue its upward movement in the coming days, as it is currently above 1.1610, where the 200 EMA is located, and above the 21 SMA, suggesting bullish potential.

If the 200 EMA resistance around $4,777 proves strong, we could see this area as an opportunity to open short positions, waiting for gold to return to the lower band of the ascending trend channel located at $4,730.

If crude oil continues under downward pressure, consolidates below $88.86, where the 200-day EMA is located, and breaks sharply below the ascending trend channel, it could continue falling and reach the 6/8 Murray level around $75 per barrel. This could be the expected target if the price settles below this area.