Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1286, which will be followed by reaching resistance level 1318.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1277, which will be followed by moving down to support level 1262.
Previous forecast:
Weekly Forecast, 19 - 23 December
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1283, which will be followed by reaching resistance level 1318.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1262, which will be followed by moving down to support level 1234.
Previous forecast:
Monthly forecast, January
Main scenario:
The pair is trading along an sideways trend.
Start of local downtrend wave we can expect from resistance level 1234, which will be followed by moving down to support level 1188 and 1172.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1234, which will be followed by moving up to resistance level 1283.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1325, which will be followed by reaching support level 1080 and 975.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1325, which will be followed by moving up to resistance level 1560.
Previous forecast: