EUR/USD, Friday forecast, August 16

The downtrend may be expected to continue in case the market drops below support level 1.1075, which will be followed by reaching support level 1.1027. An uptrend will start as soon, as the pair rises above resistance level 1.1130, which will be followed by moving up to resistance level 1.1180 - 1.1205.

EURUSD

 

Weekly forecast, August 12 - 16

An uptrend will start as soon, as the pair rises above resistance level 1.1210, which will be followed by moving up to resistance level 1.1270 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1370. An downtrend will start as soon, as the pair drops below support level 1.1160, which will be followed by moving down to support level 1.1106 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.1027.

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