Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.5015, which will be followed by reaching resistance level 1.5100 and then to 1.5160, 1.5230.
Alternative scenario:
An downtrend is not expecting today.
Previous forecast:
Weekly Forecast, 02 - 06 February
Main scenario:
The pair is trading along an sideways trend.
An downtrend will start as soon, as the pair drops below support level 1.5015, which will be followed by moving down to support level 1.4870 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4535.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5230, which will be followed by moving up to resistance level 1.5530.
Previous forecast:
Monthly forecast, January - February
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.5090, which will be followed by reaching support level 1.4534.
Alternative scenario:
An uptrend start we can expect from support level 1.5090, which will be followed by moving up to resistance level 1.5530 and 1.5735.
Previous forecast:
Long-term forecast: January - June 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5530, which will be followed by reaching support level 1.4535 and 1.4100.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5530, which will be followed by moving up to resistance level 1.6700.
Previous forecast: