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EUR/USD In Uptrend

Published 04/24/2015, 07:56 AM
Updated 07/09/2023, 06:31 AM

Main scenario:
The EUR/USD is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.0820, which will be followed by reaching resistance level 1.1000.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.0820, which will be followed by moving down to support level 1.0730.

1-Hour EUR/USD
Previous forecast:
Previous 1-Hour EUR/USD

Weekly Forecast, 20 - 24 April

Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.0730, which will be followed by reaching support level 1.0580 - 1.0490.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.0820, which will be followed by moving up to resistance level 1.1000.

4-Hour EUR/USD
Previous forecast:
Previous 4-Hour EUR/USD

Monthly forecast, April

Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1.0490, which will be followed by reaching resistance level 1.1280 - 1.1400.

Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.0490, which will be followed by reaching support level 0.9900

Daily EUR/USD
Previous forecast:
Previous Daily EUR/USD

Long-term forecast, January - June 2015

Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2260, which will be followed by reaching support level 1.1000.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2260, which will be followed by moving up to resistance level 1.3940.

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Weekly EUR/USD
Monthly EUR/USD
Previous forecast:
Previous Monthly EUR/USD

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