EUR/USD (6E), can continue downtrend to 1.0692 after break down 1.0793

Anton Kolhanov Anton Kolhanov

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 pair rises above resistance level 1.0857, which will be followed by moving up to resistance level 1.0957 and 1.1063.

Monthly forecast, April 2020

Downtrend

The downtrend may be expected to continue, while 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 pair to reach support level 1.0605.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502 - 1.1632.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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