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.
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 securities. ...
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