Tuesday Forecast
Uptrend scenario
An uptrend will start as soon, as EUR/USD rises above resistance level 1.1805, which will be followed by moving up to resistance level1.1865.
Downtrend scenario
The downtrend may be expected to continue, while EUR/USD is trading below resistance level 1.1805, which will be followed by reaching support level 1.1740.
This/Next Week Forecast (October 12 - 16, 2020)
Uptrend scenario
The uptrend may be expected to continue, while EUR/USD is trading above support level 1.1735, which will be followed by reaching resistance level 1.1930.
Downtrend scenario
A downtrend will start as soon, as EUR/USD drops below support level 1.1735, which will be followed by moving down to support level 1.1610 - 1.1570.
Previous week EUR/USD forecast
Fundamental analysis
Difference between US - EU manufacturing and interest rates showing fair price on the level 1.1450 - 1.12.
Long-Term Forecast
(Quarter III: July - September 2020)
Uptrend scenario
The uptrend may be expected to continue, while EUR/USD is trading above support level 1.1740, which will be followed by reaching resistance level 1.1930 and 1.2310.
Downtrend scenario
A downtrend will start as soon, as EUR/USD drops below support level 1.1740, which will be followed by moving down to support level 1.1450 and 1.1170.
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