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EUR/USD Downtrend To Continue Below 1.0700

EUR/USD Downtrend To Continue Below 1.0700

EUR/USD

Main scenario:The pair is trading along an downtrend with target on 1.0370 that may be expected to continue, while pair is trading below resistance level 1.0700.

Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.0700, which will be followed by moving up to resistance level 1.0830 and then to 1.0980.

EUR/USD 4 Hour Chart October 28-November 27

Monthly forecast, December 2015

Main scenario:The pair is trading along a downtrend with target on 0.9900 that may be expected to continue, while pair is trading below resistance level 1.0640.

Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.0640, which will be followed by moving up to resistance level 1.1150.

EUR/USD Daily Chart May 22-November 18

Long-term forecast, September – November, 2015

Main scenario:The pair is trading along a sideways trend.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 1.1380, which will be followed by moving up to resistance level 1.2250.

EUR/USD Weekly Chart January 2013-July 2015

EUR/USD Monthly Chart June 2004-February 2015

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