Main scenario:
The pair is trading along an sideways trend.
An uptrend will start from support level 1.3380, which will be followed by moving up to resistance level 1.3470 - 1.3515.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.3330, which will be followed by moving down to support level 1.3200.
Support and Resistance levels:
Resistances: 1.3470, 1.3515, 1.3575 (strong)
Supports: 1.3380, 1.3330 (main), 1.3200 (strong)
EUR/USD Hour Chart" title="EUR/USD Hour Chart" width="739" height="480">
Previous forecast:
EUR/USD Hour Chart" title="EUR/USD Hour Chart" width="739" height="480">
Weekly Forecast: 11 - 15 November
Main scenario:
The pair is trading along A downtrend .
An uptrend will started from support level 1.3330, which will be followed by moving up to resistance level 1.3470 - 1.3575.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.3330, which will be followed by moving down to support level 1.3200.
Support and Resistance levels:
Resistances: 1.3470, 1.3515, 1.3575 (strong)
Supports: 1.3380, 1.3330 (main), 1.3200 (strong)
EUR/USD Hourly Chart" title="EUR/USD Hourly Chart" width="739" height="480">
Previous forecast:
EUR/USD Hourly Chart" title="EUR/USD Hourly Chart" width="739" height="480">
Monthly forecast: November - December
Main scenario:
The pair is trading along A downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.3650, which will be followed by reaching support level 1.3200.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.3650, which will be followed by moving up to resistance level 1.3800 and the to 1.3950.
Support and Resistance levels:
Resistances: 1.3575, 1.3650 (main), 1.3800, 1.3950 (strong)
Supports: 1.3440 (strong), 1.3380, 1.3300, 1.3200 (main)
EUR/USD Daily Chart" title="EUR/USD Daily Chart" width="739" height="480">
Previous forecast:
EUR/USD Daily Chart" title="EUR/USD Daily Chart" width="739" height="480">
Long-term Forecast and Analysis: October, Novemder, December, January
Main scenario:
Last strong resistance level market has on the level 1.3380 - and it was broke. Now pair rebounding from intermediate resistance 1.3570, but it can't to hold eurusd from next uptrend. Now market have target on very strong resistance level 1.3850, from that we will have forming of next pair history.
As I see, more possible that pair will break it and then go to the main resistance level 1.4400 - this is showing wave analysis. But I can't except, that 1.3850 can became more stronger, then I expect, with rebounding from that pair will start downtrend on main support level 1.2800. To know what exactly market will do after then will reach resistance level 1.3850 - look my next Monthly forecasts and analysis.
Alternative scenario:
Main support level market have on point 1.3380 and if pair will drops below it, pair will rush in downtrend on the lower boundary of sideways trend 1.2800, and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2300.
Support and Resistance levels:
Resistances: 1.3570 (intermediate), 1.3850 (main), 1.4140 (intermediate), 1.4400 (main)
Supports: 1.3380 (main), 1.3175 (intermediante), 1.2800 (main), 1.2300 (main)
EUR/USD Weekly Chart" title="EUR/USD Weekly Chart" width="739" height="480">