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Dukascopy Community members, however, do not share our outlook, and it seems they are slightly confused about the future performance of EUR/USD. The consensus forecast stands at 1.3684, just slightly above the last week's average price of 1.3648. Moreover, equal number of respondents is having bullish and bearish outlook. On the one hand, Juandata said "last Wednesday the pair received a strong bullish impetus, and I think this trend will continue since pair lows (1 hour chart) are going up without hesitation." At the same time, "the pair continue trading in the range market in daily chart. A range from 1.37 to 1.38 is a very strong resistance zone," according to TradingwithEA.
FOMC meeting minutes, manufacturing data from Europe, and a bunch of important economic releases from the United States will definitely add some liquidity in the markets, while it is unlikely the pair will rally up to 1.38 without receiving a strong bullish impetus from news.
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