Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1290, which will be followed by reaching support level 1278.
Alternative scenario:
An uptrend will start from support level 1290, which will be followed by moving up to resistance level 1300 and 1311.
Previous forecast:
Weekly Forecast: 31 March - 04 April
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1300, which will be followed by reaching resistance level 1320 and 1334.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1290, which will be followed by moving down to support level 1269.
Previous forecast:
Monthly forecast: March - April
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1350, which will be followed by reaching resistance level 1392 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1311, which will be followed by moving down to support level 1269 - 1234.
Previous forecast:
Long-term Forecast: March - May
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1392, which will be followed by moving up to resistance level 1560.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1234, which will be followed by moving down to support level 1080 - 975.