EUR/USD, Monday forecast, October 7
The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.0987, which will be followed by reaching support level 1.0940. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0996, which will be followed by moving up to resistance level 1.1040.
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Weekly Forecast, October 7 - 11
The pair is trading along an sideways trend between support 1.0940 and resistance 1.0987. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0987, which will be followed by moving up to resistance level 1.1071. 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 1.0879
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