EUR/USD Forecast

 | Jan 27, 2015 01:32AM ET

EUR/USD Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.1260, which will be followed by reaching support level 1.1150 and 1.1000.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.1260, which will be followed by moving up to resistance level 1.14000 and then 1.1545.