First, a review of last week’s events:
– EUR/USD. The main theme last week was undoubtedly Brexit. New Prime Minister Boris Johnson managed to reach a compromise with Brussels, and on Thursday October 17, the European Union Summit approved an agreement on the terms of Britain’s exit from the EU and its date, November 01. This event, as well as the reduction of political and trade risks in Europe, Asia and America, “seasoned” with weak statistics from the US, opened the way to the north for the bulls.
The overwhelming majority of experts (70%) pointed to 1.1160 as the main target, and this forecast turned out to be absolutely correct: on Friday evening the pair managed to rise to this height, where it ended the week-long session;