EUR/USD, Friday forecast, August 2
The uptrend may be expected to continue, while pair is trading above support level 1.1107, which will be followed by reaching resistance level 1.1160.
A downtrend will start as soon, as the pair drops below support level 1.1107, which will be followed by moving down to support level 1.1075 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.1027.
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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