EUR/USD Trading Along A Sideways Trend
Forex Million | Oct 20, 2014 06:55AM ET
Main scenario:
The pair is trading along a sideways trend.
An local uptrend already started from support level 1.2750, which will be followed by moving up to resistance level 1.2840.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.2750, which will be followed by moving down to support level 1.2655.
Previous forecast:
Weekly Forecast, 20 - 24 October
Main scenario:
The pair is trading along a sideways trend.
An downtrend will start from resistance level 1.2815/40, which will be followed by moving down to support level 1.2655 and then to 1.2515.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2840, which will be followed by moving up to resistance level 1.2960/90.
Previous forecast:
Monthly forecast, October - November
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2660, which will be followed by reaching support level 1.2300.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2800, which will be followed by moving up to resistance level 1.3220.
Previous forecast:
Long-term forecast, May - August (December)
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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