EUR/USD Can Continue The Downtrend To 1.0692 After Break Down At Level 1.0793
EUR/USD (6E), futures market
Weekly forecast, April 6 - 10
Downtrend
The downtrend may be expected to continue in case the market drops below support level 1.0793, which will be followed by reaching support level 1.0692.
Uptrend
An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.0857, which will be followed by moving up to resistance level 1.0957 and 1.1063.
(Click on image to enlarge)
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.
(Click on image to enlarge)
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 ...
more
Comments
