EUR/USD: Sideways Moves Between 1.1145 And 1.1175

Main scenario:EUR/USD is trading along an sideways trend between support 1.1145 and resistance 1.1175.An uptrend will start as soon as the pair rises above resistance level 1.1175, which will be followed by moving up to resistance level 1.1235.

Alternative scenario:A downtrend will start as soon as the pair drops below support level 1.1145, which will be followed by moving down to support level 1.1085.

EUR/USD H1 Chart

Previous forecast:

EUR/USD H1 Chart

Weekly forecast, September 19 – 23: sideways between 1.1145 – 1.1235

Main scenario:The pair is trading along a sideways trend between support 1.1145 and resistance 1.1235.The downtrend may be expected to continue in case the market drops below support level 1.1145, which will be followed by reaching support level 1.0975.

Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.1235, 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 H4 Chart

Previous forecast:

EUR/USD H4 Chart

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

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

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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