EUR/USD: An uptrend will start as soon, as the market rises above resistance level 0,9935

Anton Kolhanov Anton Kolhanov

Weekly forecast (September 26 – 30, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 0,9935, which will be followed by moving up to resistance level 1,0170.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 0,9935, which will be followed by reaching support level 0,9600.

Previous week forecast

Monthly forecast, September 2022

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1.0134, which will be followed by moving up to resistance level 1.0428 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1.0853.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1.0134, which will be followed by reaching support level 0.9600.

Previous month 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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