Weekly Forecast (August 24 - 28, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the pair rises above resistance level 1.1930, which will be followed by reaching resistance level 1.2090.
Downtrend scenario
A downtrend will start as soon, as the pair drops below support level 1.1735, which will be followed by moving down to support level 1.1450.
Previous week eur/usd forecast
Quarterly forecast
(Quarter III: July - September, 2020)
Uptrend scenario
The uptrend may be expected to continue, while the pair 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 the pair drops below support level 1.1740, which will be followed by moving down to support level 1.1450 and 1.1170.
Fundamental Analysis
According to fundamental analysis difference between US - EU manufacturing and services potential shows overbought market and the fair price at the level 1.14.
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