EUR/USD: Uptrend will start as soon as it rises above 1.2172
|Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2172, which will be followed by moving up to resistance level 1.2222.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.2128, which will be followed by moving down to support level 1.2060.
Previous day forecast
This/Next Week Forecast (January 11 – 15, 2021)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2350, which will be followed by moving up to resistance level 1.2555.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.2310 – 1.2350, which will be followed by reaching support level 1.2155 and 1.2010.
Previous week forecast
Fundamental Analysis
Difference between US – EU manufacturing and interest rates showing fair price on the level 1.12.
Monthly Forecast, January 2021
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1.2310, which will be followed by reaching resistance level 1.2555 and 1.2800.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.2010, which will be followed by moving down to support level 1.1600.
Previous forecast
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