EUR/USD Technicals: September 28, 2015
Anton Kolhanov | Sep 28, 2015 07:47AM ET
Main scenario:
The pair is trading along an sideways trend between resistance 1.1210 and support 1.1110 levels. An uptrend will start as soon, as the pair rises above resistance level 1.1210, which will be followed by moving up to resistance level 1.1335.
Alternative scenario:
An downtrend is not expecting today, while market is trading in that wide sideways channel.
Weekly Forecast, 28 September - 2 October
Main scenario:
The pair is trading along an sideways trend between resistance 1.1210 and support 1.1110 levels. An uptrend will start as soon, as the pair rises above resistance level 1.1210, which will be followed by moving up to resistance level 1.1335 - 1.1390.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.1110, which will be followed by moving down to support level 1.0980.
Monthly forecast, October 2015
Main scenario:
The pair is trading along an sideways trend between resistance 1.1390 and support 1.1110 levels. An downtrend will start as soon, as the pair drops below support level 1.1110, which will be followed by moving down to support level 1.0980 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0730.
Alternative scenario:
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 1.1770.
Long-term forecast, September - November, 2015
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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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