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EUR/USD Trades Along Uptrend With Target On 1.1450

Published 06/07/2016, 06:30 AM
Updated 07/09/2023, 06:31 AM

Daily forecast, uptrend to resistance 1.1450

Main scenario:
EUR/USD is trading along an uptrend with target on 1.1450, that may be expected to continue while pair is trading above support level 1.1325.

Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1325, which will be followed by moving down to support level 1.1220.

EUR/USD H1 Chart

Previous forecast:
EUR/USD H1 Chart

Weekly forecast, June 06 - 10: break up of 1.1260 open uptrend target on 1.1460

Main scenario:
The pair is trading along an uptrend with target on 1.1450, and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1615. Current uptrend may be expected to continue while pair is trading above support level 1.1325.

Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1325, which will be followed by moving down to support level 1.1150.

EUR/USD H4 Chart

Previous forecast:
EUR/USD H4 Chart

Monthly forecast, June 2016: trading between 1.1150 and 1.1450

Main scenario:
The pair is trading along an uptrend with target on 1.1450, and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1700. Current uptrend may be expected to continue while pair is trading above support level 1.1150.

Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1150, which will be followed by moving down to support level 1.0900.

EUR/USD Daily Chart

Previous forecast:
EUR/USD Daily Chart

Quarterly forecast, April - June, 2016

Main scenario:
The pair is trading very close to main resistance level 1.1700 and along a sideways trend between that level and support 1.1400.
A downtrend will start as soon as the pair drops below support level 1.1400, which will be followed by moving down to support level 1.0900 and 1.0580.

Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1700, which will be followed by moving up to resistance level 1.2250.

EUR/USD Weekly Chart

Previous forecast:
EUR/USD Weekly Chart

Yearly forecast, 2016

Main scenario:
The pair is trading along a downtrend with target on 0.9900 - 0.9150, that may be expected to continue while pair is trading below resistance level 1.1713.

Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1713, which will be followed by moving up to resistance level 1.2250, 1.2770 and to 1.1390.

EUR/USD Monthly Chart

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