4H Graphs Weekly EUR/USD Forecast

The pair is trading along a downtrend which will be staying in effect until the market gets over resistance level 1.3565. Current downtrend’s target is set at support levels 1.3365–1.3290. As soon as those support levels are reached, a probability of correction towards resistance 1.3565 will emerge. Should the pair continue its way down below support 1.3290, the downside momentum will grow stronger and the market’s next downside target will be set at support 1.3110.
An uptrend will start upon the pair rises above resistance level 1.3565, which will likely be followed by getting to resistance levels 1.3725 and 1.3820.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.