EUR/USD Main scenario:
The pair is trading along a downtrend.
The uptrend may be expected to continue while pair is trading above support level 1.0730, which will be followed by reaching resistance level 1.0490.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.0730, which will be followed by moving down to support level 1.0970.
Previous forecast:
Weekly Forecast, 13 - 17 April
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.0730, which will be followed by reaching support level 1.0490 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0200.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.0730, which will be followed by moving up to resistance level 1.0970 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1350.
Previous forecast:
Monthly forecast, April
Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1.0490, which will be followed by reaching resistance level 1.1280 - 1.1400.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.0490, which will be followed by reaching support level 0.9900
Previous forecast:
Long-term forecast, January - June 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 1.2260, which will be followed by reaching support level 1.1000.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2260, which will be followed by moving up to resistance level 1.3940.
Previous forecast: