EUR/USD Trades Along Uptrend With Target On 1.1450
Anton Kolhanov | Jun 07, 2016 06:30AM ET
Main scenario:
EUR/USD is trading along an uptrend with target on 1.1450, that may be expected to continue while pair is trading above support level 1.1325.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1325, which will be followed by moving down to support level 1.1220.
Previous forecast:
Main scenario:
The pair is trading along an uptrend with target on 1.1450, and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1615. Current uptrend may be expected to continue while pair is trading above support level 1.1325.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1325, which will be followed by moving down to support level 1.1150.
Previous forecast:
h2 Monthly forecast, June 2016: trading between 1.1150 and 1.1450/h2
Main scenario:
The pair is trading along an uptrend with target on 1.1450, and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1700. Current uptrend may be expected to continue while pair is trading above support level 1.1150.
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Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1150, which will be followed by moving down to support level 1.0900.
Previous forecast:
h2 Quarterly forecast, April - June, 2016/h2
Main scenario:
The pair is trading very close to main resistance level 1.1700 and along a sideways trend between that level and support 1.1400.
A downtrend will start as soon as the pair drops below support level 1.1400, which will be followed by moving down to support level 1.0900 and 1.0580.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1700, which will be followed by moving up to resistance level 1.2250.
Previous forecast:
Main scenario:
The pair is trading along a downtrend with target on 0.9900 - 0.9150, that may be expected to continue while pair is trading below resistance level 1.1713.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1713, which will be followed by moving up to resistance level 1.2250, 1.2770 and to 1.1390.
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