Nomura made a forecast for EUR/USD based on some technical conclusion for example:
- "In coming weeks, risk sentiment and US data may be the most important drivers of the EUR/USD cross...If
risk sentiment stays more constructive, such that capital outflows from
the Eurozone can recover, we would not be surprised to see a move to
1.08 in coming weeks, even if Fed expectations remain fairly stable."
- "A double-whammy of easy ECB, Fed lift-off in December and a re-test of 1.05 seems fairly unlikely, also because the speculative community has limited trading ammunition after a couple of rough months."
As we see from the image above - this is really unlikely scenario for the price to test 1.05 support level because S2 Pivot at 1.0672 should be tested first (and it is unlikely too).
