EUR/USD (6E), futures market
Thursday forecast, March 12
Downtrend
The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1253, which will be followed by reaching support level 1.1180 and if it keeps on moving down below that level, we may expect the EUR/USD pair to reach support level 1.1070.
Uptrend
An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1253, which will be followed by moving up to resistance level 1.1373.
(Click on image to enlarge)
EUR/USD, spot market
Thursday forecast, March 12
Downtrend
The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1240, which will be followed by reaching support level 1.1170 and if it keeps on moving down below that level, we may expect the EUR/USD pair to reach support level 1.1087.
Uptrend
An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1240, which will be followed by moving up to resistance level 1.1370.
(Click on image to enlarge)
EUR/USD, spot market
Weekly forecast, March 9 - 13
Downtrend
The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1470, which will be followed by reaching support level 1.1170.
Uptrend
An downtrend will start as soon, as the EUR/USD pair drops below support level 1.1470, which will be followed by moving down to support level 1.1747.
(Click on image to enlarge)
Monthly forecast, March 2020
Uptrend
The uptrend may be expected to continue, while the EUR/USD pair is trading above support level 1.0940, which will be followed by reaching resistance level 1.1087 and 1.1170
Downtrend
A downtrend will start as soon, as the EUR/USD pair drops below support level 1.0940, which will be followed by moving down to support level 1.0829.
(Click on image to enlarge)
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