EUR/USD, Thursday forecast, August 8
The downtrend may be expected to continue, while pair is trading below resistance level 1.1210, which will be followed by reaching support level 1.1160 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.1107.
An uptrend will start as soon, as the pair rises above resistance level 1.1210, which will be followed by moving up to resistance level 1.1250 - 1.1270.
Weekly forecast, August 5 - 9
The downtrend may be expected to continue, while pair is trading below resistance level 1.1160, which will be followed by reaching support level 1.0980.
An uptrend will start as soon, as the pair rises above resistance level 1.1160, which will be followed by moving up to resistance level 1.1210 and then 1.1270.
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