- by the end of the week, EUR/USD was supposed to get fixed around 1.0800. Graphical analysis on H4 elaborated that at first, the pair would reach the bottom at 1.0600 and then make every effort to go up to 1.0800. This happened for the most part – EUR/USD was moving down towards the target all week long and on Friday, following the news from the USA, first dropped to 1.0700, then tried to return to the target level and finished the week at 1.0740.
Forecast for the upcoming week.
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be suggested:
- while most indicators in their forecasts for EUR/USD insist on its further fall, the majority of the experts and graphical analysis on H1 tend to believe that the pair will take a breather and move in a sideways channel of 1.0650-1.0850. At the same time, 15% of the analysts reckon that the pair will manage to break through resistance at 1.0900 and even reach 1.1000.