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EUR/USD: Forecast

Published 12/16/2014, 05:22 AM
Updated 07/09/2023, 06:31 AM

Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2465, which will be followed by reaching support level 1.2375 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2283.

Alternative scenario:
An uptrend is not expecting today.

EUR/USD Hour Chart
Previous forecast:

EUR/USD Hour Chart II


Weekly Forecast, 15 - 19 December

Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue from support level 1.2375 or in case the market rises above resistance level 1.245 - 1.2515, which will be followed by reaching resistance level 1.2800.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.2375, which will be followed by moving down to support level 1.2230.

EUR/USD Hourly Chart
Previous forecast:
EUR/USD Hourly Chart II

Monthly forecast, December - January

Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2520, which will be followed by reaching support level 1.2280 - 1.2150.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2520, which will be followed by moving up to resistance level 1.2800 and then to 1.3160.

EUR/USD Daily Chart
Previous forecast:
EUR/USD Daily Chart II

Long-term forecast, May - August (December)

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.

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EUR/USD Monthly Chart
EUR/USD Weekly Chart
Previous forecast:
EUR/USD Weekly Chart

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