© Dukascopy Bank SA
As for the current week Dukascopy community members predict the pair to move slightly lower, as the consensus forecast suggests that the EUR/USD will end Friday's session at 1.3631, down from the couple's price of 1.3686 at the moment of writing. According to the weekly survey, the overall sentiment is rather neutral. Among those holding bullish view "Metal_Mind" sees the pair edging higher, as technical analysis shows a strong support zone at 1.3511 level which has not been breached since 7 May. On the contrary, "rokasltu" thinks that the ECB's readiness to boost the Eurozone's economy will hold back the pair from further gains and sees the pair trading at 1.35 levels by the end of Friday's trading session.
This week investors will be paying attention to data release on the U.S. nonfarm payrolls report due on Thursday to get further indications on the health of labor market, while the Euro might be impacted by the ECB's decision on the benchmark interest rate to be announced on Thursday.
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