EUR/USD: Forecast
Forex Million | Dec 16, 2014 05:22AM ET
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2465, which will be followed by reaching support level 1.2375 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2283.
Alternative scenario:
An uptrend is not expecting today.
Previous forecast:
Weekly Forecast, 15 - 19 December
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue from support level 1.2375 or in case the market rises above resistance level 1.245 - 1.2515, which will be followed by reaching resistance level 1.2800.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.2375, which will be followed by moving down to support level 1.2230.
Previous forecast:
Monthly forecast, December - January
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.2520, which will be followed by reaching support level 1.2280 - 1.2150.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.2520, which will be followed by moving up to resistance level 1.2800 and then to 1.3160.
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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