EUR/USD: Risk Of Downtrend To 1.1085 With Break Down Of 1.1215
Anton Kolhanov | Feb 11, 2016 03:13AM ET
Main scenario:
The pair is trading along a sideways trend between support 1.1215 and accumulation of resistance levels 1.1330 - 1.1380, that can be testing now in the second time.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1215, which will be followed by moving down to support level 1.1085.
Previous forecast:
/h2
Main scenario:
The pair is trading along a sideways trend between support 1.1085 and resistance 1.1215.
The uptrend may be expected to continue in case the market rises above resistance level 1.1215, which will be followed by reaching resistance level 1.1380.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.1085, which will be followed by moving down to support level 1.0985.
Previous forecast:
Monthly forecast, February 2016: break up of 1.0985 will start uptrend to 1.1380
Main scenario:
The pair is trading along a sideways trend between support 1.0810 and resistance 1.0985.
An uptrend will start as soon as the pair rises above resistance level 1.0985, which will be followed by moving up to resistance level 1.1200 and 1.1380.
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Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1.0810, which will be followed by moving down to support level 1.0580.
Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend that may be expected to continue in case 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 in case 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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