EUR/USD Trading Along A Sideways Trend
Forex Million | Sep 02, 2014 02:18AM ET
Main scenario:
The EUR/USD is trading along a sideways trend.
An uptrend is already started from support level 1.3120, which will be followed by moving up to resistance level 1.3160/90.
Alternative scenario:
An downtrend will start as soon as the pair drops below support level 1.3120, which will be followed by moving down to support level 1.3060.
Previous forecast:
Weekly Forecast: 01 - 05 September
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.3220, which will be followed by reaching support level 1.2935.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.3220, which will be followed by moving up to resistance level 1.3365.
Previous forecast:
Monthly Forecast: September - October (updated 09/01/14)
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.3220, which will be followed by reaching support level 1.2935 - 1.2800.
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Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.3220, which will be followed by moving up to resistance level 1.3485.
Previous forecast:
Long-Term Forecast: May - August
Main scenario:
The pair is trading along a sideways trend.
An 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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