Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5300, which will be followed by reaching support level 1.5120.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5300, which will be followed by moving up to resistance level 1.5440.
Previous forecast:
Weekly Forecast, June 1st-5th
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5300, which will be followed by reaching support level 1.5120 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4970.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5300, which will be followed by moving up to resistance level 1.5440 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.5660.
Previous forecast:
Monthly forecast, June
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5440, which will be followed by reaching support level 1.4970 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4620. But if not, we can have correction to 1.5440.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5440, which will be followed by moving up to resistance level 1.5970.
Previous forecast:
Long-term forecast: January - June 2015
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5530, which will be followed by reaching support level 1.4535 and 1.4100.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5530, which will be followed by moving up to resistance level 1.6700.
Previous forecast:
