EUR/USD: Uptrend will start if the pair rises above 1.1234

Anton Kolhanov Anton Kolhanov

EUR/USD (6E), futures market Wednesday forecast, July 1

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1.1234, which will be followed by moving up to resistance level 1.1270 - 1.1281.

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1.1234, which will be followed by reaching support level 1.1208 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.1185.

Weekly forecast, June 29 - July 3

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 1.1245, which will be followed by reaching resistance level 1.1348 - 1.1371.

Downtrend

An downtrend will start as soon, as the pair drops below support level 1.1245, which will be followed by moving down to support level 1.1187.

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

A 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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