EUR/USD May Continue The Downtrend To 1.1087 While Trading Below 1.1170

The downtrend may be expected to continue, while the pair is trading below resistance level 1.1190, which will be followed by reaching support level 1.1103.

EUR/USD (6E), futures market
Wednesday forecast, March 4

Downtrend

The downtrend may be expected to continue, while the pair is trading below resistance level 1.1190, which will be followed by reaching support level 1.1103.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1190, which will be followed by moving up to resistance level 1.1250.

EUR/USD, spot market
Wednesday forecast, March 4

Downtrend

The downtrend may be expected to continue, while the pair is trading below resistance level 1.1170, which will be followed by reaching support level 1.1087.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1170, which will be followed by moving up to resistance level 1.1238.

EUR/USD, spot market
Weekly forecast, March 2 - 7

Uptrend

The uptrend may be expected to continue, while the 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 pair drops below support level 1.0940, which will be followed by moving down to support level 1.0829.

Monthly forecast, March 2020

Uptrend

The uptrend may be expected to continue, while the 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 pair drops below support level 1.0940, which will be followed by moving down to support level 1.0829.


 

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