Main scenario:
The pair is trading along an uptrend and may be expected to continue in case the market rises above resistance level 1124, which will be followed by reaching resistance level 1140. In another way, we will have correction to 1112-1108. An uptrend will start as soon as the pair rises above resistance level 1113, which will be followed by moving up to resistance level 1125.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1108, which will be followed by moving down to support level 1095.
Weekly Forecast, 14-18 September
Main scenario:
The pair is reached its target on the level 1095 and now will be trading between level 1125 - 1095. The next downtrend may be expected to continue in case the market drops below support level 1095, which will be followed by reaching support level 1080.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1113, which will be followed by moving up to resistance level 1125 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1140 and 1160 - 1170.
Monthly Forecast, September 2015
Main scenario:
The pair is trading along an downtrend with target on 1080 and may be expected to continue, while pair is trading below resistance level 1170.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1170, which will be followed by moving up to resistance level 1224.
Long-Term Forecast, September - November 2015
Main scenario:
The pair is trading along an downtrend with target on 970 - 880 and may be expected to continue, while pair is trading below resistance level 1170.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1170, which will be followed by moving up to resistance level 1325 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1560 or we will have correction to 1170.