JuliaFX

Forecast for 12-16 October 2015

FX:EURUSD   Euro / U.S. Dollar
Summing up the views of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be put forward regarding EUR/USD:
67% of the analysts agree with the indicators that the pair will reach September’s high of 1.1460. Now the pair is at the upper boundary of the weekly ascending channel , and there are two possible scenarios – either the given boundary line becomes support and the pair immediately goes up, or the scenario of the first half of September is repeated and the pair rebounds to the lower boundary of the corridor (1.1300-1.1315) before continuing its upward movement. This turn of events is strongly supported by graphical analysis on H1.

Roman Butko, NordFX
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