EUR/USD Forecast: Downtrend To Start Soon
Forex Million | Apr 08, 2015 05:38AM ET
EUR/USD Main scenario:
The pair is trading along an local uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.0810, which will be followed by reaching resistance level 1.1000.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.0810, which will be followed by moving down to support level 1.0600.
Previous forecast:
Weekly Forecast, 06 - 10 April
Main scenario:
The pair is trading along an sideways trend.
The uptrend may be expected to continue in case the market rises above resistance level 1.1000, which will be followed by reaching resistance level 1.1280.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.0830, which will be followed by moving down to support level 1.0630.
Previous forecast:
Monthly forecast, April
Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1.0490, which will be followed by reaching resistance level 1.1280 - 1.1400.
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Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.0490, which will be followed by reaching support level 0.9900
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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