Main scenario:
The pair is trading along an downtrend with target on 1.5290.
The downtrend may be expected to continue while pair is trading below resistance level 1.5425, which will be followed by reaching support level 1.5290.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5425, which will be followed by moving up to resistance level 1.5530.
Previous forecast:
Weekly Forecast, 06 - 10 July
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5610, which will be followed by reaching support level 1.5290.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5610, which will be followed by moving up to resistance level 1.5740 and then to 1.5970.
Previous forecast:
Monthly forecast, July
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5740, which will be followed by reaching support level 1.5290 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.4970.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5740, which will be followed by moving up to resistance level 1.5970 and 1.6200.
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 1.5530, which will be followed by reaching support level 1.4535 and 1.4100.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5530, which will be followed by moving up to resistance level 1.6700.
Previous forecast:
