Main scenario:
The pair is trading along a sideways trend between support 1.1315 and resistance 1.1400.
A downtrend will start as soon as the pair drops below support level 1.1315, which will be followed by moving down to support level 1.1250.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1400, which will be followed by moving up to resistance level 1.1440 and 1.1545.
Previous forecast:
Weekly forecast, Apr 4 - 8: trading on key resistance level 1.1440
Main scenario:
The pair is trading along a sideways trend between support 1.1315 and resistance 1.1440.
A downtrend will start as soon as the pair drops below support level 1.1315, which will be followed by moving down to support level 1.1100.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1440, which will be followed by moving up to resistance level 1.1710.
Previous forecast:
Monthly forecast, April 2016: break down of 1.1315 will start downtrend to 1.0920
Main scenario:
The pair is trading along a sideways trend between support 1.1315 and resistance 1.1440.
A downtrend will start as soon as the pair drops below support level 1.1315, which will be followed by moving down to support level 1.0920.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1440, which will be followed by moving up to resistance level 1.1710.
Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend that may be expected to continue if 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 if 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.
