EUR/USD Trading Along A Downtrend
Forex Million | May 29, 2014 06:00AM ET
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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 1.3645, which will be followed by reaching support level 1.3540.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.3645, which will be followed by moving up to resistance level 1.3700.
Previous forecast:
Weekly Forecast: 26 - 30 May
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:
Monthly Forecast: May - June (updated 05/12/14)
Main scenario:
The pair is trading along a sideways trend.
a downtrend is already started from level 1.4000, which will be followed by moving down to support level 1.3675 and then to 1.3480.
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Alternative scenario:
An uptrend is not expecting in May.
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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