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EUR/USD Trading Along A Sideways Trend

Published 07/22/2014, 05:31 AM
Updated 07/09/2023, 06:31 AM

Main scenario:
The EUR/USD is trading along a sideways trend.
An uptrend is not expecting today.

Alternative scenario:
A downtrend is not expecting today.

EUR/USD Hour Chart

Previous forecast:
EUR/USD Hour Chart

Weekly Forecast: 21 July - 25 July

Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1.3540, which will be followed by moving up to resistance level 1.3640 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3770.

Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.3485, which will be followed by reaching support level 1.3360.

EUR/USD Hourly Chart

Previous forecast:
EUR/USD Hourly Chart

Monthly Forecast: July - August (updated 07/07/14)

Main scenario:
The pair is trading along a sideways trend.
A downtrend will start as soon as the pair drops below support level 1.3485, which will be followed by moving down to support level 1.3220.

Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.3640, which will be followed by moving up to resistance level 1.3860.

EUR/USD Daily Chaty

Previous forecast:
EUR/USD Daily Chart

Long-Term Forecast: May - August

Main scenario:
The pair is trading along a sideways trend.
A downtrend is already started from resistance level 1.4000, which will be followed by moving down to support level 1.3480 and then to 1.2800 - 1.2300.

Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4000, which will be followed by moving up to resistance level 1.4850.

EUR/USD Monthly Chart

EUR/USD Weekly Chart

Previous forecast:
EUR/USD Weekly Chart

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