EUR/USD Weekly Forecast, Sept. 28 - Oct. 2

Forecast For Upcoming Week (September 28 - October 2, 2020)

• Uptrend scenario: An uptrend may start as soon as the market rises above resistance level 1.1750, which would be followed by moving up to resistance level 1.1930.
• Downtrend scenario: The downtrend may be expected to continue if the market trades below resistance level 1.1750, which would be followed by reaching support level 1.1450.

Previous Week EUR/USD Forecast

Fundamental Analysis

The difference between US/EU manufacturing and interest rates and the price is illustrated on the levels of 1.1450 and 1.12.

Long-Term Forecast (Quarter III: July - September, 2020)

• Uptrend scenario: The uptrend may be expected to continue if the market trades above support level 1.1740, which would be followed by reaching resistance levels 1.1930 and 1.2310.
• Downtrend scenario: A downtrend may start as soon if the market drops below support level 1.1740, which would be followed by moving down to support levels 1.1450 and 1.1170.