Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1309, which will be followed by moving up to resistance level 1318.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1293, which will be followed by moving down to support level 1282.
Previous forecast:
Weekly Forecast, 18 - 22 August
Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1309, which will be followed by moving up to resistance level 1338.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1293, which will be followed by moving down to support level 1270.
Previous forecast:
Monthly Forecast: August - September (updated 08/04/14)
Main scenario:
The pair is trading along a sideways trend.
An uptrend is already started from support level 1287 -1282, which will be followed by moving up to resistance level 1327 and then to 1360.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1282, which will be followed by moving down to support level 1250.
Previous forecast:
Long-Term Forecast: May - August
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1560, which will be followed by reaching support level 1182 and then to 975 - 878.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1560, which will be followed by moving up to resistance level 1747 and then to 2000.