EUR/USD Technicals
Forex Million | Feb 27, 2015 04:22AM ET
EUR/USD Main scenario:
The pair is trading along an downtrend.
An uptrend is already started from support level 1.1200, which will be followed by moving up to resistance level 1.1285.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.1200, which will be followed by reaching support level 1.1150.
Previous forecast:
Weekly Forecast, 23 - 27 February
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.1285, which will be followed by reaching resistance level 1.1400 and then to 1.1550 - 1.1610.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.1285, which will be followed by moving down to support level 1.1000.
Previous forecast:
Monthly forecast, January - February
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2260, which will be followed by reaching support level 1.1500 and 1.1260.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2260, which will be followed by moving up to resistance level 1.2515 and 1.2800.
Previous forecast:
Long-term forecast, January - June 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2260, which will be followed by reaching support level 1.1000.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2260, which will be followed by moving up to resistance level 1.3940.
Previous forecast:
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