EUR/USD may continue downtrend to 1.0715 after break down 1.0793

Anton Kolhanov Anton Kolhanov

EUR/USD (6E), futures market Friday forecast, April 3

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1.0844, 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 1.0715.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.0844, which will be followed by moving up to resistance level 1.0890 and 1.0931.

Weekly forecast, March 30 - April 3

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 1.0857 - 1.0793.

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.

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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