Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along an downtrend with target on 970, that may be expected to continue, while pair is trading below resistance level 1095.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1095, which will be followed by moving up to resistance level 1190.
previous forecast:
Main scenario:
The pair is trading along an downtrend with target on 970, and if it keeps on moving down below that level, we may expect the pair to reach support level 670, but in other way from 970 we can expect correcton on resistance level 1190.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1325, which will be followed by moving up to resistance level 1560 - 1750.
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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