Forex Forecast and Cryptocurrency Forecast for September 28 – October 02, 2020

<p>First, a review of last week’s events: – EUR/USD . The overwhelming majority of experts (75%), supported by the oscillators indicating that this pair is overbought, expected its correction to the south. The argument was that the pair ended the week near the strong resistance zone of 1.1900 on Friday, September 18. The above scenario came true 100%, and finally breaking through the mid-term support at 1.1700, the EUR/USD pair flew downward last week, finding the local bottom at 1.1610. There are several macro-reasons for the growth of the dollar and the fall of the euro. First, it is the deterioration of the epidemiological situation in the EU countries. Secondly, skepticism about the prospects for the recovery of the American economy. Fed Chairman Robert Powell has once again urged the government to discuss the issue of additional incentives in the framework of QE. We must not lose sight of the situation with the growth of the yield on US government bonds. All this made investors once</p>