EUR/USD: Downtrend To 1.1100

EUR/USD Main scenario:The pair is trading along a downtrend with target on 1.1100, that may be expected to continue, while pair is trading below resistance level 1.1230.

Alternative scenario:An uptrend will start as soon, as the pair rises above resistance level 1.1230, which will be followed by moving up to resistance level 1.1320.

EUR/USD Hour Chart

previous forecast:

EUR/USD Hour Chart – previous forecast

Weekly forecast, Aug 29 – Sept 02: downtrend to 1.1100

Main scenario:The pair is trading along a downtrend with target on 1.1100, that may be expected to continue, while pair is trading below resistance level 1.1230. Also market can reach support 1.0870 if it keeps on moving down below support 1.1100.

Alternative scenario:An uptrend will start as soon, as the pair rises above resistance level 1.1230, which will be followed by moving up to resistance level 1.1320 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1450.

EUR/USD 4 Hourly Chart

previous forecast:

EUR/USD 4 Hourly Chart previous forecast

Monthly forecast, August 2016: rebound from 1.1355 with target to 1.1100

Main scenario:The pair is trading in uptrend, but rebounded from strongest resistance 1.1355, from that we can expect downtrend with target on support 1.1100, while market is trading below resistance 1.1355.

Alternative scenario:The uptrend may be expected to continue in case the market rises above resistance level 1.1450, which will be followed by reaching resistance level 1.1700.

EUR/USD Daily Chart

previous forecast:

EUR/USD Daily Chart previous forecast

Quarterly forecast, July – September, 2016

Main scenario:The pair is trading along a sideways trend between support 1.0580 and resistance 1.1700.An uptrend will start as soon, as the pair rises above resistance level 1.1700, which will be followed by moving up to resistance level 1.2250.

Alternative scenario:A downtrend will start as soon, as the pair drops below support level 1.0580, which will be followed by moving down to support level 0.9900.

EUR/USD Weekly Chart

previous forecast:

EUR/USD Weekly Chart 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.

EUR/USD Monthly Chart

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