Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1160, which will be followed by moving up to resistance level 1172.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1153, which will be followed by moving down to support level 1136.
Previous forecast:
Weekly Forecast, July 13th-17th
Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1160, which will be followed by moving up to resistance level 1172 and 1201.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1153, which will be followed by moving down to support level 1136.
Previous forecast:
Monthly forecast, July
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1153, which will be followed by reaching support level 1080.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1201, which will be followed by moving up to resistance level 1250.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along a 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: