EUR/USD Daily forecast
Main scenario:
The pair is trading along a correction with target on 1.1215.
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:
Weekly forecast: further break up of 1.1215 will continue uptrend to 1.1380
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.
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:
Yearly forecast, 2016
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.
