Main scenario:
The pair is trading along a downtrend that may be expected to continue in case the market drops below support level 1.4080, which will be followed by reaching support level 1.3975 and 1.3875.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4210, which will be followed by moving up to resistance level 1.4390.
Previous forecast:
Weekly forecast, Mar 14 - Mar 18: sideways trend between support 1.4210 and resistance 1.4450
Main scenario:
The pair is trading along a downtrend with target on 1.4210, that may be expected to continue while pair is trading below resistance level 1.4450. Also downtrend may be expected to continue in case the market drops below support level 1.4210, which will be followed by reaching support level 1.3875.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4450, which will be followed by moving up to resistance level 1.4660.
Previous forecast:
Monthly forecast, March 2016: downtrend with target on 1.3700 and 1.3330
Main scenario:
The pair is trading along a downtrend with target on 1.3700, and if it keeps on moving down below that level, we may expect the pair to reach support level 1.3330. Downtrend may be expected to continue while pair is trading below resistance level 1.4100.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4100, which will be followed by moving up to resistance level 1.4500.
Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend with target on 1.4270 - 1.4070 that may be expected to continue while pair is trading below resistance level 1.5030.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5030, which will be followed by moving up to resistance level 1.5440.
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 keep on moving down below 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.