EUR/USD: Continuation Of Uptrend To 1.1450
Anton Kolhanov | Jun 10, 2016 05:07AM 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 1.1350.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.1350, which will be followed by moving down to support level 1.1220.
previous forecast:
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Main scenario:
EUR/USD 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:
Monthly forecast, June 2016: trading between 1.1150 and 1.1450
Main scenario:
EUR/USD 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:
Quarterly forecast, April - June, 2016
Main scenario:
EUR/USD is trading very closer to main resistance level 1.1700 and along an 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:
EUR/USD is trading along an 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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