Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.2710, which will be followed by moving up to resistance level 1.2760.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.2660, which will be followed by moving down to support level 1.2550.
Previous forecast:
Weekly Forecast, 29 September - 03 October
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2660, which will be followed by reaching support level 1.2400.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2800, which will be followed by moving up to resistance level 1.2965.
Previous forecast:
Monthly forecast, October - November
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2660, which will be followed by reaching support level 1.2300.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2800, which will be followed by moving up to resistance level 1.3220.
Previous forecast:
Long-term forecast, May - August (December)
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: