EUR/USD: Uptrend will start if the pair rises above 1.1320

Anton Kolhanov Anton Kolhanov

EUR/USD (6E), futures market Tuesday forecast, July 7

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1320, which will be followed by moving up to resistance level 1.1370.

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1.1320, which will be followed by reaching support level 1.1256 - 1.1236.

Weekly forecast, July 6 - 10

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1348, which will be followed by moving up to resistance level 1.1424.

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1.1348, which will be followed by reaching support level 1.1256 - 1.1200.

Monthly forecast, July 2020

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1348, which will be followed by moving up to resistance level 1.1500 - 1.1632.

Downtrend

An downtrend will start as soon, as the pair drops below support level 1.1187, which will be followed by moving down to support level 1.0985 and 1.0820.

Author

Anton Kolhanov

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

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