EUR/USD Will Continue The Downtrend Below 1.0940 With A Target On 1.0905

EUR/USD, 6E futures market

Monday forecast, February 10

Downtrend

The downtrend may be expected to continue in case the market drops below support level 1.0960, which will be followed by reaching support level 1.0948 and 1.0930.

Uptrend

An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0981, which will be followed by moving up to resistance level 1.1000.

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EUR/USD spot market

Monday forecast, February 10

Downtrend

The downtrend may be expected to continue in case the market drops below support level 1.0940, which will be followed by reaching support level 1.0905.

Uptrend

An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0957, which will be followed by moving up to resistance level 1.0981 and 1.1008.

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Weekly forecast, February 10 - 14

Forecast and technical analysis

Downtrend

The downtrend may be expected to continue in case the market drops below support level 1.0940, which will be followed by reaching support level 1.0878.

Uptrend

An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.008, which will be followed by moving up to resistance level 1.1087.

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