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EUR/USD: Downtrend To 1.1080

Main scenario:
The pair is trading along a downtrend with target on 1.1080, that may be expected to continue while pair is trading below resistance level 1.1215.

Alternative scenario:
An uptrend is not expected today.

EUR/USD H1 Chart

EUR/USD H1 Chart

Previous forecast:

EUR/USD H1 Chart

EUR/USD H1 Chart

Weekly forecast, Mar 14 – 18: dowtrend to 1.1010

Main scenario:
The pair is trading along a downtrend with target on 1.1010, that may be expected to continue while pair is trading below resistance level 1.1215. Also downtrend may be expected to continue if the market drops below support level 1.1010, which will be followed by reaching support level 1.0840.

Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1215, which will be followed by moving up to resistance level 1.1375.

EUR/USD H4 Chart

EUR/USD H4 Chart

Previous forecast:

EUR/USD H4 Chart

EUR/USD H4 Chart

Monthly forecast, March 2016: downtrend with target on 1.0580

Main scenario:
The pair is trading along a downtrend with target on 1.0580, that may be expected to continue while pair is trading below resistance level 1.1010.

Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.1010, which will be followed by moving up to resistance level 1.1215.

EUR/USD Daily Chart

EUR/USD Daily Chart

 

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