Main scenario:
The pair is trading along an 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:
An 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, 03 - 07 August
Main scenario:
The pair is trading along an sideways trend. An downtrend will start as soon, as the pair drops below support level 1080, which will be followed by moving down to support level 1042.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1100, which will be followed by moving up to resistance level 1136 and then to 1158.
Previous forecast:
Monthly forecast, August 2015
Main scenario:
The pair is trading along an downtrend. The downtrend may be expected to continue in case the market drops below support level 1080, which will be followed by reaching support level 1042, 1007 and to 970.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1100, which will be followed by moving up to resistance level 1158.
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.