EUR/USD: 1.1290 Breakdown Will Start Downtrend To 1.1205
Anton Kolhanov | Feb 12, 2016 04:09AM ET
Main scenario:
The pair is trading along an sideways trend between support 1.1290 and main resistance level 1.1380.
An downtrend will start as soon, as the pair drops below support level 1.1290, which will be followed by moving down to support level 1.1205.
Alternative scenario:
The uptrend may be expected to continue in case the market rises above resistance level 1.1380, which will be followed by reaching resistance level 1.1475.
/h2
Main scenario:
The pair is trading along an 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:
An 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.
Monthly forecast, February 2016: break up of 1.0985 will start uptrend to 1.1380
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Main scenario:
The pair is trading along an 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.
Alternative scenario:
An 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.
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along an 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.
Main scenario:
The pair is trading along an 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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