Main scenario:
The EUR/USD is trading along a sideways trend.
An local uptrend is already started from support level 1.3580, which will be followed by moving up to resistance level 1.3640.
Alternative scenario:
An downtrend will start as soon as the pair drops below support level 1.3570, which will be followed by moving down to support level 1.3540 - 1.3480.
Previous forecast:
Weekly Forecast: 7 July - 11 July
Main scenario:
The pair is trading along a sideways trend.
An local uptrend is already started from support level 1.3575, which will be followed by moving up to resistance level 1.3640 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3770.
Alternative scenario:
An downtrend will start as soon as the pair drops below support level 1.3535, which will be followed by moving down to support level 1.3360.
Previous forecast:
Monthly Forecast: July - August (updated 07/07/14)
Main scenario:
The pair is trading along a sideways trend.
An downtrend will start as soon as the pair drops below support level 1.3485, which will be followed by moving down to support level 1.3220.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.3640, which will be followed by moving up to resistance level 1.3860.
Previous forecast:
Long-Term Forecast, May - August
Main scenario:
The pair is trading along a sideways trend.
A downtrend is already started from resistance level 1.4000, which will be followed by moving down to support level 1.3480 and then to 1.2800 - 1.2300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.4000, which will be followed by moving up to resistance level 1.4850.
Previous forecast: