EUR/USD Trading Along An Uptrend
Forex Million | Oct 30, 2014 02:16AM ET
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.2760, which will be followed by reaching resistance level 1.2815 and then to 1.2905.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.2705, which will be followed by moving down to support level 1.2670 and then 1.2615.
Previous forecast:
Weekly Forecast, 27 - 31 October
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2760, which will be followed by reaching support level 1.2515.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2815, 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 an 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 an 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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