EUR/USD weekly forecast: The uptrend may be expected to continue

Anton Kolhanov Anton Kolhanov

Uptrend scenario

The uptrend may be expected to continue, while pair is trading above support level 1.0461, which will be followed by reaching resistance level 1.0806.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1.0461, which will be followed by moving down to support level 1.0340.

Monthly Forecast, June 2022

Uptrend scenario

The uptrend may be expected to continue, while pair is trading above support level 1.0340, which will be followed by reaching resistance level 1.0806 and 1.1186.

Downtrend scenario

An downtrend will start as soon, as the pair drops below support level 1.0340, which will be followed by moving down to support level 1.0119.

Author

Anton Kolhanov

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

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