EUR/USD continue uptrend to 1.0957 while trading above 1.0903

Anton Kolhanov Anton Kolhanov

EUR/USD (6E), futures market Tuesday forecast, April 7

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 1.0903, which will be followed by reaching resistance level 1.0931 and 1.0957.

Downtrend

A downtrend will start as soon, as the pair drops below support level 1.0903, which will be followed by moving down to support level 1.0876 and 1.0857.

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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