EUR/USD, Thursday Forecast, July 25
The uptrend may be expected to continue, while pair is trading above support level 1.1160, which will be followed by reaching resistance level 1.1107 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0980.
A downtrend will start as soon, as the pair drops below support level 1.1160, which will be followed by moving down to support level 1.1210.
Weekly forecast, July 22 - 26
The pair is trading along a sideways trend between support 1.1210 - 1.1190 and resistance 1.1280.
Local uptrend may be expected to continue, while pair is trading above support level 1.1190, which will be followed by reaching resistance level 1.1280 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1370.
A downtrend will start as from resistance 1.1280, as the pair drops below support level 1.1190, which will be followed by moving down to support level 1.1160 and 1.1107.
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