Wednesday forecast, July 17

The pair is trading along a downtrend with target on 2.235 and trend may be expected to continue, while pair is trading below resistance level 2.330.

Alternative scenario:

An uptrend will start as soon, as the pair rises above resistance level 2.330, which will be followed by moving up to resistance level 2.410.

Weekly forecast, July 15 - 19

The pair is trading along a sideways trend between support 2,365 and resistance 2,490.
An uptrend will start as soon, as the pair rises above resistance level 2,490, which will be followed by moving up to resistance level 2,630.
A downtrend will start as soon, as the pair drops below support level 2,365, which will be followed by moving down to support level 2,175.