Forecast for 30 November - 4 December 2015
First, a review of last week’s forecast:
Graphical analysis on H1 and H4 predicted that EUR/USD would bounce off support at 1.0628, move up to resistance at 1.0700 first and only then continue to fall. The pair actually went up reaching 1.0690 on Wednesday, after which it dropped, as predicted.
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 put forward:
Regarding EUR/USD, 65% of the experts, all indicators and graphical analysis on H4 predict a fall to the low of March 2015, that is to 1.0450-1.0500, after which the pair should fight its way to resistance at 1.0620.
Roman Butko, NordFX
Graphical analysis on H1 and H4 predicted that EUR/USD would bounce off support at 1.0628, move up to resistance at 1.0700 first and only then continue to fall. The pair actually went up reaching 1.0690 on Wednesday, after which it dropped, as predicted.
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 put forward:
Regarding EUR/USD, 65% of the experts, all indicators and graphical analysis on H4 predict a fall to the low of March 2015, that is to 1.0450-1.0500, after which the pair should fight its way to resistance at 1.0620.
Roman Butko, NordFX
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