The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1172, which will be followed by reaching support level 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1181, which will be followed by moving up to resistance level 1187.
Previous forecast:
Weekly Forecast, 22 - 26 June
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1172, which will be followed by reaching support level 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1187, which will be followed by moving up to resistance level 1212.
Previous forecast:
Monthly forecast, June
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1212, which will be followed by reaching support level 1178 and then to 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1212, which will be followed by moving up to resistance level 1250.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1325, which will be followed by reaching support level 1080 and 975.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1325, which will be followed by moving up to resistance level 1560.
Previous forecast: