EUR/USD, correction back to 1.1152

Anton Kolhanov Anton Kolhanov

EUR/USD, Monday forecast, August 26

The uptrend may be expected to continue, while pair is trading above support level 1.1092, which will be followed by reaching resistance level 1.1152.
An downtrend will start as soon, as the pair drops below support level 1.1092, which will be followed by moving down to support level 1.1027.

Weekly forecast, August 26 - 30

The uptrend may be expected to continue, while pair is trading above support level 1.1092, which will be followed by reaching resistance level 1.1198 - 1.1220.
An downtrend will start as soon, as the pair drops below support level 1.1092, which will be followed by moving down to support level 1.1030.

Author

Anton Kolhanov

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

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