Main scenario:
The EUR/USD is trading along a sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1.3425, which will be followed by reaching support level 1.3360.
Alternative scenario:
Today is possible correction to the resistance level 1.3460.
Previous forecast:
Weekly Forecast: 29 July - 1 August
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.3585, which will be followed by reaching support level 1.3360 and then to 1.3220.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.3485, which will be followed by moving up to resistance level 1.3460.
Previous forecast:
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.
Previous forecast:
Long-Term Forecast: May - August
Main scenario:
The pair is trading along a sideways trend.
An 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.
Previous forecast: