Main scenario:
The pair is trading along a sideways trend between support 1.4600 and resistance 1.4670, where downtrend will start as soon, as the pair drops below support level 1.4600, which will be followed by moving down to support level 1.4480.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.4670, which will be followed by moving up to resistance level 1.4815.
previous forecast:
Weekly forecast, May 23 - 27: break up of 1.4530 open uptrend target on 1.4670 and 1.4815
Main scenario:
The pair is trading along a sideways trend between support 1.4480 and resistance 1.4530, where break up of 1.4530 will open uptrend target on resistance 1.4670 and then on 1.4815.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.4480, which will be followed by moving down to support level 1.4360 and 1.4290.
previous forecast:
Monthly forecast, May 2016: break down of 1.4480 open a target on 1.4130
Main scenario:
The pair is trading along a sideways trend between support 1.4480 and resistance 1.4815.
A downtrend will start as soon, as the pair drops below support level 1.4480, which will be followed by moving down to support level 1.4130.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.4815, which will be followed by moving up to resistance level 1.5130.
previous forecast:
Quarterly forecast, April - May, 2016: break down of 1.4480 open a target on 1.3900 - 1.3700
Main scenario:
The pair is trading along a sideways trend between support 1.4480 and resistance 1.4815.
A downtrend will start as soon, as the pair drops below support level 1.4480, which will be followed by moving down to support level 1.4130 and 1.3900 - 1.3700.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.4815, which will be followed by moving up to resistance level 1.5130 and 1.5700.
previous forecast:
Yearly forecast, 2016
Main scenario:
The pair is trading along a downtrend with target on 1.4070, that may be expected to continue, while pair is trading below resistance level 1.5440. If market will keeps on moving down below that 1.4070, we may expect the pair to reach next support level 1.3300.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5440, which will be followed by moving up to resistance level 1.7130.