Technical and Macro Factors Signal EURUSD RiseThe basis of this long idea for the EURUSD is an interesting technical confluence (see chart) combined with macroeconomic factors. Recently, the EURUSD has significantly gained due to weak economic data from the USA. Last week, the weak Chicago Purchasing Managers' Index, which is at the level of the COVID-19 crisis, shocked the markets. Against this backdrop, a further rise of the EURUSD into the indicated target area seems highly likely to us.