Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5700 - 1.5735, which will be followed by reaching support level 1.5525.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5900, which will be followed by moving up to resistance level 1.6100.
Previous forecast:
Weekly Forecast, 24 - 28 November
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1/5700, which will be followed by reaching support level 1.5525.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5700, which will be followed by moving up to resistance level 1.5960.
Previous forecast:
Monthly forecast, November - December
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.6110, which will be followed by reaching support level 1.5700 and 1.5525.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.6110, which will be followed by moving up to resistance level 1.6280 and then to 1.6720.
Previous forecast:
Long-term forecast: May - August
Main scenario:
The pair is trading along an uptrend.
An downtrend has already started from resistace level 1.7040, which will be followed by moving down to support level 1.6250 and then to 1.5500 - 1.5200.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.7230, which will be followed by moving up to resistance level 1.7800 and 1.9200.
