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In the previous EUR/USD forecast we noted that the currency pair was bearish for the week. It was near the extended support target of 1.08. An important point to note was that the bottom bollinger band might serve as an immediate support at 1.08. Bullish correction would likely aim for 1.1 followed by 1.11.
Technical Analysis
Looking at the EUR/USD weekly chart above we note that the currency pair was bullish for the week. It did approach the 1.08 region as expected before a bullish correction took place.