Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1213, which will be followed by reaching resistance level 1222 and 1231.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1213, which will be followed by moving down to support level 1199.
Previous forecast:
Weekly Forecast, 11 - 15 May
Main scenario:
The pair is trading along an sideways trend.
An downtrend will start as soon, as the pair drops below support level 1178, which will be followed by moving down to support level 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1193, which will be followed by moving up to resistance level 1194 and then to 1204 and then to 1213.
Previous forecast:
Monthly forecast, May
Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1213, which will be followed by reaching resistance level 1160 and if it keeps on moving down below that level, we may expect the pair to reach support level 1100.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1213, which will be followed by moving up to resistance level 1239 and then to 1282.
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 1325, which will be followed by reaching support level 1080 and 975.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1325, which will be followed by moving up to resistance level 1560.
Previous forecast: