EUR/USD Forecast For Tuesday, Nov. 10
Tuesday Forecast
Uptrend scenario
An uptrend will start as soon, as the EUR/USD rises above resistance level 1.1900, which will be followed by moving up to resistance level 1.2010.
Downtrend scenario
The downtrend may be expected to continue, while EUR/USD is trading below resistance level 1.1900, which will be followed by reaching support level 1.1740.
This/Next Week Forecast (November 9 - 13, 2020)
Uptrend scenario
An uptrend will start as soon, as the EUR/USD rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2010 and 1.2090.
Downtrend scenario
The downtrend may be expected to continue, while EUR/USD is trading below resistance level 1.1930, which will be followed by reaching support level 1.1740 - 1.1680.
Previous week forecast
Fundamental analysis
Difference between US - EU manufacturing and interest rates showing fair price on the level 1.1450 - 1.12.
Monthly Forecast
Uptrend scenario
An uptrend will start as soon, as the EUR/USD rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2310.
Downtrend scenario
A downtrend will start as soon, as the EUR/USD drops below support level 1.1600, which will be followed by moving down to support level 1.1450 and 1.1170.
Disclaimer: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell ...
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