EUR/USD: Trading Along An Uptrend
Forex Million | Apr 01, 2014 03:55AM ET
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.3750, which will be followed by reaching resistance level 1.3850 and then to 1.3875.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.3750, which will be followed by moving down to support level 1.3690 - 1.3670.
Previous forecast:
Weekly Forecast: 31 March - 04 April
Main scenario:
The pair is trading along a downtrend.
An uptrend will start from support level 1.3730, which will be followed by moving up to resistance level 1.3780, 1.3835 and then to 1.3910.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.3730, which will be followed by moving down to support level 1.31.3690 - 1.3670.
Previous forecast:
Monthly forecast: March - April
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.3675, which will be followed by reaching resistance level 1.3950.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.3675, which will be followed by moving up to resistance level 1.3850.
Previous forecast:
Long-term Forecast and Analysis: January - June
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.3920, which will be followed by reaching resistance level 1.4140 and then to 1.4400.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1.3585, which will be followed by moving down to support level 1.3200 and then to 1.2800.
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