EUR/USD In Sideways Trend
Forex Million | Jul 30, 2015 06:13AM ET
Main scenario:
The EUR/USD pair is trading along an sideways trend. An uptrend will start as soon, as the pair rises above resistance level 1.1090, which will be followed by moving up to resistance level 1.1225.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.1000, which will be followed by reaching support level 1.0870.
/h3 h3 Weekly Forecast, 29 - 31 July/h3 h3 Main scenario:/h3
The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.1090, which will be followed by reaching resistance level 1.1225 and then to 1.1390 - 1.1450.
h3 Alternative scenario:/h3An downtrend will start as soon, as the pair drops below support level 1.1000, which will be followed by moving down to support level 1.0700.
h3Previous forecast:
The pair is trading along an sideways trend. An downtrend will start as soon, as the pair drops below support level 1.1000, which will be followed by moving down to support level 1.0580 and if it keeps on moving down below that level, we may expect the pair to reach support level 0.0990.
h3 Alternative scenario:/h3
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An uptrend will start as soon, as the pair rises above resistance level 1.1390, which will be followed by moving up to resistance level 1.1800.
h3Previous forecast:
Long-term forecast, January - June 2015
h3 Main scenario:/h3The 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.
h3 Alternative scenario:/h3An 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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