EUR/USD, Monday forecast, August 12
An uptrend will start from support, which will be followed by moving up to resistance level 1.1210 and if it keeps on moving up above that level, we may expect the EUR/USD pair to reach resistance level 1.1270. A downtrend will start as soon, as the EUR/USD pair drops below support level 1.1160, which will be followed by moving down to support level 1.1106.
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Weekly forecast, August 12 - 16
An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1210, which will be followed by moving up to resistance level 1.1270 and if it keeps on moving up above that level, we may expect the EUR/USD pair to reach resistance level 1.1370. An downtrend will start as soon, as the EUR/USD pair drops below support level 1.1160, which will be followed by moving down to support level 1.1106 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.1027.
(Click on image to enlarge)
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