Main scenario:
The pair is trading along an sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1.2890, which will be followed by reaching support level 1.2800.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2955, which will be followed by moving up to resistance level 1.3060.
Previous forecast:
Weekly Forecast, 15 - 19 September
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2890, which will be followed by reaching support level 1.2800 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2660.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2950, which will be followed by moving up to resistance level 1.3060 and then to 1.3200.
Previous forecast:
Monthly forecast, September - October (updated 09/01/14)
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.3220, which will be followed by reaching support level 1.2935 - 1.2800.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.3220, which will be followed by moving up to resistance level 1.3485.
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: