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This week is presumed to be rich on important fundamental news, which may potentially influence movements of the pair even more. American economic growth is supposed to be confirmed around 4% level, while Eurozone's inflation may go down to 0.3%.
Participants of the Dukascopy Community Forecasts quiz support the general negative view on the pair, with 62.5% of all votes being short at the moment. The average expectation for the end of the current week is located at 1.3230, slightly above the daily S1 level of 1.3222. At the same time, for the forecast to be affirmed, the Euro has to drop below the monthly S2 level at 1.3151, which can pose some problems for the pair. According to rokasltu opinion, "EUR/USD rate steadily goes down and I think such trend will continue. But above 1.32 seems to be quite good support and I do not expect EUR/USD to end this week below mentioned mark", however, aslamhammad sees "… the European CPI to improve on next coming Friday on August 29th. I expect the closing price to be around 1.3300."
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