Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along an downtrend with target on 1.4270 - 1.4070, that may be expected to continue, while pair is trading below resistance level 1.5030.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5030, which will be followed by moving up to resistance level 1.5440.
previous forecast:
Main scenario:
The pair is trading along an downtrend with target on 1.4070, that may be expected to continue, while pair is trading below resistance level 1.5440. If market will keeps on moving down below that 1.4070, we may expect the pair to reach next support level 1.3300.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5440, which will be followed by moving up to resistance level 1.7130.
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 any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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