According to poll amongst forex analysts and looking at techical picture, the forecast for EUR/USD for the next week looks as follows:Both analysts, and technical analysis, based on the oversold pair EUR/USD, last week expected its rebound up, which actually happened. Infact, the strength of the bulls in this case was enough only to raise the pair to a height of 1.0690 (instead of the expected 1.0750), after which it fell to the support zone around 1.0610.
For the next week, most analysts (60%), supported by almost 90% of the indicators, are still on the side of the bears, expecting the pair fall to the 1.0500 zone. The alternative point of view, together with 40% of experts, is presented on the graphical analysis on H4. In their view, the pair is moving in the medium-term upwards channel, which began in December 2016, and it will first rise to the level of 1.0690, and then 130 points higher - to a high of 1.0820.
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