EUR/USD: Continue Downtrend To 1.1050

Forex Trader • Aug 28, 2019 at 3:30 AM EDT

The downtrend may be expected to continue, while the pair is trading below resistance level 1.1104, which will be followed by reaching support level 1.1075 and 1.1050

EUR/USD, Wednesday forecast, August 28
The downtrend may be expected to continue, while pair is trading below resistance level 1.1104, which will be followed by reaching support level 1.1075 and 1.1050.
An uptrend will start as soon, as the pair rises above resistance level 1.1104, which will be followed by moving up to resistance level 1.1163.

Weekly forecast, August 26 - 30
The uptrend may be expected to continue, while pair is trading above support level 1.1092, which will be followed by reaching resistance level 1.1198 - 1.1220.
An downtrend will start as soon, as the pair drops below support level 1.1092, which will be followed by moving down to support level 1.1030.

Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.