EUR/USD Will Continue The Downtrend To Level 1.0857 After Break Down At Level 1.0931

EUR/USD (6E), futures market

Thursday forecast, April 2

Downtrend

The downtrend may be expected to continue in case the market drops below support level 1.0931, which will be followed by reaching support level 1.0857.

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 1.0998 and if it keeps on moving up above that level, we may expect the EUR/USD pair to reach resistance level 1.1069.

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Weekly forecast, March 30 - April 3

Downtrend

The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0857 - 1.0793.

Uptrend

An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502.

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Monthly forecast, April 2020

Downtrend

The downtrend may be expected to continue, while the EUR/USD pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0793 and if it keeps on moving down below that level, we may expect the EUR/USD pair to reach support level 1.0605.

Uptrend

An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502 - 1.1632.

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