EUR/USD Weekly forecast
Main scenario:
The pair is trading along a sideways trend between support 1.0800 and resistance 1.0970 levels.
A downtrend will start as soon as the pair drops below support level 1.0800, which will be followed by moving down to support level 1.0580.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.0970, which will be followed by moving up to resistance level 1.1200.
Previous forecast:
Monthly forecast, January 2016
Main scenario:
The pair is trading along a sideways trend between support 1.0800 and resistance 1.0970 levels.
A downtrend will start as soon as the pair drops below support level 1.0800, which will be followed by moving down to support level 1.0580.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.0970, which will be followed by moving up to resistance level 1.1200.
Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend that may be expected to continue in case the market drops below support level 1.0580, which will be followed by reaching support level 0.9900.
The downtrend may be expected to continue in case the market drops below support level 1.0730, which will be followed by reaching support level 0.9900 - 0.9150.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.0970, which will be followed by moving up to resistance level 1.1380 and 1.1713.
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.
