Main scenario:
The EUR/USD is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1.3410, which will be followed by moving up to resistance level 1.3485.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.3340, which will be followed by moving down to support level 1.3290.
Previous forecast:
Weekly Forecast: 18 - 22 August
Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1.3410, which will be followed by moving up to resistance level 1.3485 - 1.3540.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.3340, which will be followed by moving down to support level 1.3220.
Previous forecast:
Monthly Forecast: August - September (updated 08/04/14)
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.3365, which will be followed by reaching support level 1.3220 and then to 1.2800.
Alternative scenario:
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 then to 1.3860.
Previous forecast:
Long-Term Forecast: May - August
Main scenario:
The pair is trading along an 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: