EUR/USD Continue Downtrend To 1.1017 While Trading Below 1.1070
Anton Kolhanov | Jan 24, 2020 11:03AM ET
EUR/USD, 6E futures market, Friday forecast, January 24
Downtrend
The EUR/USD's downtrend may be expected to continue, while pair is trading below resistance level 1.1106, which will be followed by reaching support level 1.1070 and 1.1050.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1106, which will be followed by moving up to resistance level 1.1135 - 1.1146.
EUR/USD spot market, Friday forecast, January 24
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1070, which will be followed by reaching support level 1.1017.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1070, which will be followed by moving up to resistance level 1.1095 - 1.1105.
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Weekly forecast, January 20 - 24
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Forecast and technical analysis
Downtrend
The downtrend may be expected to continue in case the market drops below support level 1.1080, which will be followed by reaching support level 1.1017.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1105, which will be followed by moving up to resistance level 1.1150 and 1.1170.
Monthly forecast, January - February
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1200, which will be followed by reaching support level 1.1075 and 1.1020.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1200, which will be followed by moving up to resistance level 1.1270 and 1.1370.
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