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EUR/USD In Sideways Trend

EUR/USD In Sideways Trend

Main scenario:

The EUR/USD pair is trading along an sideways trend. An uptrend will start as soon, as the pair rises above resistance level 1.1090, which will be followed by moving up to resistance level 1.1225.

Alternative scenario:

The downtrend may be expected to continue in case the market drops below support level 1.1000, which will be followed by reaching support level 1.0870.

EUR/USD Hourly Chart

Previous forecast:

EUR/USD Hourly Chart

Weekly Forecast, 29 – 31 July

Main scenario:

The pair is trading along an uptrend. The uptrend may be expected to continue in case the market rises above resistance level 1.1090, which will be followed by reaching resistance level 1.1225 and then to 1.1390 – 1.1450.

Alternative scenario:

An downtrend will start as soon, as the pair drops below support level 1.1000, which will be followed by moving down to support level 1.0700.

EUR/USD 4-Hour Chart

Previous forecast:

EUR/USD 4-Hour Chart

Monthly forecast, July

Main scenario:

The pair is trading along an sideways trend. An downtrend will start as soon, as the pair drops below support level 1.1000, which will be followed by moving down to support level 1.0580 and if it keeps on moving down below that level, we may expect the pair to reach support level 0.0990.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.1390, which will be followed by moving up to resistance level 1.1800.

EUR/USD Daily Chart

Previous forecast:

EUR/USD Daily Chart

Long-term forecast, January – June 2015

Main scenario:

The pair is trading along an downtrend. The downtrend may be expected to continue in case the market drops below support level 1.2260, which will be followed by reaching support level 1.1000.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 1.2260, which will be followed by moving up to resistance level 1.3940.

EUR/USD Weekly Chart

EUR/USD Monthly Chart

Previous forecast:

EUR/USD Monthy Chart

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