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EUR/USD Trades Sideways

Published 08/18/2015, 05:37 AM
Updated 07/09/2023, 06:31 AM

EUR/USD Forecast

Main scenario:
The pair is trading along a sideways trend
An uptrend will start as soon as the pair rises above resistance level 1.1155, which will be followed by moving up to resistance level 1.1225.

Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1070, which will be followed by moving down to support level 1.1000.

EUR/USD Hourly Chart August 10th-17th
Previous forecast:
EUR/USD Hourly Chart July 30th-August 7th

Weekly Forecast, 17 - 21 August

Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.1000, which will be followed by reaching resistance level 1.1225 and then to 1.1400.

Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1000, which will be followed by moving down to support level 1.0810.

EUR/USD 4 Hour Chart July 16th-August 14th
Previous forecast:
EUR/USD 4 Hour Chart July 2nd-31st

Monthly forecast, August 2015

Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1.1070, which will be followed by moving up to resistance level 1.1225 and then to 1.1400.

Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.0810, which will be followed by moving down to support level 1.0700 and 1.0580.

EUR/USD Daily Chart January 26th-July 23rd
Previous forecast:
EUR/USD Daily Chart December 2014-June 2015

Long-term forecast, January - June 2015

Main scenario:
The pair is trading along a 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.

EUR/USD Weekly Chart June 2012-November 2014
EUR/USD Monthly Chart August 1993-December 2014
Previous forecast:
EUR/USD Monthly Chart February 2003-October 2013

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