EUR/USD May Continue Downtrend To 1.0715 After Break Down Of 1.0793
Anton Kolhanov | Apr 03, 2020 07:50AM ET
EUR/USD (6E), futures market
Friday forecast, April 3
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.0844, which will be followed by reaching support level 1.0793 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0715.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.0844, which will be followed by moving up to resistance level 1.0890 and 1.0931.
Weekly forecast, March 30 - April 3
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0857 - 1.0793.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502.
Monthly forecast, April 2020
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0793 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0605.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502 - 1.1632.
Disclaimer: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor
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