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EUR/USD: Uptrend will start as soon as it rises above 1.2172

Anton Kolhanov Anton Kolhanov

Thursday Forecast

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1.2172, which will be followed by moving up to resistance level 1.2222.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1.2128, which will be followed by moving down to support level 1.2060.

Previous day forecast

This/Next Week Forecast (January 11 – 15, 2021)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1.2350, which will be followed by moving up to resistance level 1.2555.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1.2310 – 1.2350, which will be followed by reaching support level 1.2155 and 1.2010.

Previous week forecast

Fundamental Analysis

Difference between US – EU manufacturing and interest rates showing fair price on the level 1.12.

Monthly Forecast, January 2021

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1.2310, which will be followed by reaching resistance level 1.2555 and 1.2800.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1.2010, which will be followed by moving down to support level 1.1600.

Previous forecast

Author

Anton Kolhanov

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

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