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EUR/USD Forecast: Pair Trading Along An Uptrend

EUR/USD Forecast: Pair Trading Along An Uptrend

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.3730, which will be followed by reaching resistance level 1.3850.Alternative scenario:A downtrend will start as soon, as the pair drops below support level 1.3730, which will be followed by moving down to support level 1.3650.Support and Resistance levels:Resistances: 1.3850 (strong)

Supports: 1.3730 (main), 1.3650 (strong)

EUR/USD Hour Chart” title=”EUR/USD Hour Chart” width=”740″ height=”480″ src=”https://d1-invdn-com.akamaized.net/content/pic78dd81dbe8a5749ac7af9274a21fe67a.png” />Previous forecast:

EUR/USD Hour Chart” title=”EUR/USD Hour Chart” width=”740″ height=”480″ src=”https://d1-invdn-com.akamaized.net/content/pic09d7626b4afd9b2e9491f0b93c467e8d.png” />Weekly Forecast: 21 – 25 OctoberMain scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.3530, which will be followed by reaching resistance level 1.3850.Alternative scenario:A downtrend will start as soon, as the pair drops below support level 1.3530, which will be followed by moving down to support level 1.3380.Support and Resistance levels:Resistances: 1.3730, 1.3850 (main)

Supports: 1.35650 (strong), 1.3615, 1.3570 (strong), 1.3530 (main), 1.3490, 1.3380

EUR/USD Hourly Chart” title=”EUR/USD Hourly Chart” width=”740″ height=”480″ src=”https://d1-invdn-com.akamaized.net/content/pic20040762e3b8eff817745572640bbcf5.png” />Previous forecast:

EUR/USD Hourly Chart” title=”EUR/USD Hourly Chart” width=”740″ height=”480″ src=”https://d1-invdn-com.akamaized.net/content/pic339eceefece74480fb524e17a05f7da9.png” />

Monthly forecast: October – NovemberMain scenario:Market broke up huge sideways trend, that was forming between support level 1.2800 and resistance 1.3380-1.3425, that was the reason for strengthening of uptrend imulse and opened the way with trend growth on main resistance level 1.3850, that the pair will reach during 3-6 weeks.Alternative scenario:Main support level market have on point 1.3380 and if pair will drops below it, pair will rush in downtrend on the lower boundary of sideways trend 1.2800 – 1.3425, and will reach support level 1.3175 and then 1.2990.Support and Resistance levels:Resistances: 1.3570 main, 1.3730 (intermediate), 1.3850 (main)

Supports: 1.3470 – 1.3425 (strong), 1.3380 (main), 1.3175 (strong), 1.2990 (main)

EUR/USD Daily Chart” title=”EUR/USD Daily Chart” width=”740″ height=”480″ src=”https://d1-invdn-com.akamaized.net/content/pic33ff1c9e7a35316cd2e28c4f7ff8a244.png” />

Long-term Forecast and Analysis: October, Novemder, December, JanuaryMain scenario:Last strong resistance level market has on the level 1.3380 – and it was broke. Now pair rebounding from intermediate resistance 1.3570, but it can’t to hold eurusd from next uptrend. Now market have target on very strong resistance level 1.3850, from that we will have forming of next pair history.As I see, more possible that pair will break it and then go to the main resistance level 1.4400 – this is showing wave analysis. But I can’t except, that 1.3850 can became more stronger, then I expect, with rebounding from that pair will start downtrend on main support level 1.2800. To know what exactly market will do after then will reach resistance level 1.3850 – look my next Monthly forecasts and analysis.Alternative scenario:Main support level market have on point 1.3380 and if pair will drops below it, pair will rush in downtrend on the lower boundary of sideways trend 1.2800, and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2300.Support and Resistance levels:Resistances: 1.3570 (intermediate), 1.3850 (main), 1.4140 (intermediate), 1.4400 (main)

Supports: 1.3380 (main), 1.3175 (intermediante), 1.2800 (main), 1.2300 (main)

EUR/USD Weekly Chart” title=”EUR/USD Weekly Chart” width=”740″ height=”480″ src=”https://d1-invdn-com.akamaized.net/content/picf06b780edc78aae383d0de07fd24561d.png” />

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