Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2515, which will be followed by reaching support level 1.2375 and then to 1.2283.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2515, which will be followed by moving up to resistance level 1.2640.
Previous forecast:
Weekly Forecast, 15 - 19 December
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue from support level 1.2375 or in case the market rises above resistance level 1.245 - 1.2515, which will be followed by reaching resistance level 1.2800.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.2375, which will be followed by moving down to support level 1.2230.
Previous forecast:
Monthly forecast, December - January
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2520, which will be followed by reaching support level 1.2280 - 1.2150.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2520, which will be followed by moving up to resistance level 1.2800 and then to 1.3160.
Previous forecast:
Long-term forecast, May - August (December)
Main scenario:
The pair is trading along a sideways trend.
A downtrend is already started from resistance level 1.4000, which will be followed by moving down to support level 1.3480 and then to 1.2800 - 1.2300.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.4000, which will be followed by moving up to resistance level 1.4850.
Previous forecast: