EUR/USD: Downtrend To 1.1080
Anton Kolhanov | Mar 14, 2016 02:53AM ET
EUR/USD
Main scenario:
The pair is trading along a downtrend with target on 1.1080, that may be expected to continue while pair is trading below resistance level 1.1215.
Alternative scenario:
An uptrend is not expected today.
Previous forecast:
/h2
Main scenario:
The pair is trading along a downtrend with target on 1.1010, that may be expected to continue while pair is trading below resistance level 1.1215. Also downtrend may be expected to continue if the market drops below support level 1.1010, which will be followed by reaching support level 1.0840.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1215, which will be followed by moving up to resistance level 1.1375.
Previous forecast:
Monthly forecast, March 2016: downtrend with target on 1.0580
Main scenario:
The pair is trading along a downtrend with target on 1.0580, that may be expected to continue while pair is trading below resistance level 1.1010.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1010, which will be followed by moving up to resistance level 1.1215.
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Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend that may be expected to continue if the market drops below support level 1.0580, which will be followed by reaching support level 0.9900.
The downtrend may be expected to continue if the market drops below support level 1.0730, which will be followed by reaching support level 0.9900 - 0.9150.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.0970, which will be followed by moving up to resistance level 1.1380 and 1.1713.
Previous forecast:
Main scenario:
The pair is trading along a downtrend with target on 0.9900 - 0.9150, that may be expected to continue while pair is trading below resistance level 1.1713.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1713, which will be followed by moving up to resistance level 1.2250, 1.2770 and to 1.1390.
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