Wednesday forecast, July 17
The pair is trading along an downtrend with target on 1398 and if it keeps on moving down below that level, we may expect the pair to reach support level 1390.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1408, which will be followed by moving up to resistance level 1418.
Weekly forecast, July 15 - 19
The pair is trading along an uptrend with target on 1433 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.
Downtrend can start from resistance level 1433, which will be followed by moving down to support level 1397 - 1382.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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