EUR/USD Starts Uptrend, Targets 1.1200
Anton Kolhanov | Sep 22, 2015 04:42AM ET
Main scenario:
The EUR/USD pair has started uptrend from support level 1.1145 with target on resistance 1.1200 that may be expected to continue while pair is trading above support level 1.1145.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.1145, which will be followed by reaching support level 1.1035.
h3 Weekly Forecast, 21 - 25 September/h3
Main scenario:
The pair is trading along an sideways trend between resistance 1.1390 and support 1.1265. 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 1.1480 and 1.1615.
Alternative scenario:
An downtrend will start as soon as the pair drops below support level 1.1265, which will be followed by moving down to support level 1.1035.
Main scenario:
The pair is trading along an downtrend to 1.0730. The downtrend may be expected to continue while pair is trading below resistance level 1.1380, which will be followed by reaching support level 1.0730 and if it keeps on moving down below that level, we may expect the pair to reach support level 0.9900, or will have correction to 1.1380.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1380, which will be followed by moving up to resistance level 1.1770 and then to 1.2250.
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Main scenario:
The pair is trading along an sideways trend. The downtrend may be expected to continue in case the market drops below support level 1.0730, which will be followed by reaching support level 0.9900 - 0.9150.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1380, which will be followed by moving up to resistance level 1.2250.
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