Main scenario:
The pair is trading along a downtrend with target on 1.1000 that may be expected to continue, while pair is trading below resistance level 1.1080.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1080, which will be followed by moving up to resistance level 1.1150.
Previous forecast:
Weekly forecast, July 04 - 08: uptrend to 1.1245
Main scenario:
The pair is trading along an uptrend with target on 1.1245, that may be expected to continue while pair is trading above support level 1.1120 and if it keeps on moving up 1.1245, we may expect the pair to reach resistance level 1.1450.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1050, which will be followed by moving down to support level 1.10900.
Previous forecast:
Monthly forecast, July 2016: sideways trading between 1.0900 and 1.1245
Main scenario:
The pair is trading along a sideways trend between 1.0900 and resistance 1.1245.
An uptrend will start as soon as the pair rises above resistance level 1.1245, which will be followed by moving up to resistance level 1.1450.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.0900, which will be followed by moving down to support level 1.0580.
Previous forecast:
Quarterly forecast, July - September, 2016
Main scenario:
The pair is trading along a sideways trend between support 1.0580 and resistance 1.1700.
An uptrend will start as soon as the pair rises above resistance level 1.1700, which will be followed by moving up to resistance level 1.2250.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.0580, which will be followed by moving down to support level 0.9900.
Previous forecast:
Yearly forecast, 2016
Main scenario:
The pair is trading along a downtrend with target on 0.9900 - 0.9150, that may be expected to continue, while pair is trading below resistance level 1.1713.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1713, which will be followed by moving up to resistance level 1.2250, 1.2770 and to 1.1390.
