EUR/USD Trades Along A Sideways Trend
Forex Million | Jun 18, 2014 05:26AM ET
Main scenario:
The EUR/USD is trading along a sideways trend.
An uptrend will start as soon as the pair rises above resistance level 1.3590, which will be followed by moving up to resistance level 1.3630 and then to 1.3700.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.3515, which will be followed by moving down to support level 1.3480 and then to 1.3435.
Previous forecast:
Weekly Forecast: 16 - 20 June
Main scenario:
The pair is trading along a sideways trend.
An is started from support level 1.3510 - 1.3480, which will be followed by moving up to resistance level 1.3625 and then to 1.3700.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.3480, which will be followed by moving down to support level 1.3355 and then to 1.3200.
Previous forecast:
Monthly Forecast: June - July (updated 06/02/14)
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Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.3700, which will be followed by reaching support level 1.3480.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.3700, which will be followed by moving up to resistance level 1.3810 - 1.3880.
Previous forecast:
Long-Term Forecast: May - August
Main scenario:
The pair is trading along a sideways trend.
A downtrend is already started from resistance level 1.4000, which will be followed by moving down to support level 1.3480 and then to 1.2800 - 1.2300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4000, which will be followed by moving up to resistance level 1.4850.
Previous forecast:
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