EUR/USD Forecast: Downtrend To Continue

EUR/USD

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.1000, which will be followed by reaching support level 1.0870 and then to 1.0805.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.1000, which will be followed by moving up to resistance level 1.1090.

EUR/USD Hourly Chart May 22-June 1

Previous forecast:

EUR/USD Hourly Chart May 19-27

Weekly Forecast, June 1st-5th

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.1000, which will be followed by reaching support level 1.0580.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.1000, which will be followed by moving up to resistance level 1.1150 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1390.

EUR/USD 4 Hour Chart April 30-May 29

Previous forecast:

EUR/USD 4 Hour Chart April 22-May 22

Monthly forecast, June

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.1000, which will be followed by reaching support level 1.0580 – 1.0490.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.1000, which will be followed by moving up to resistance level 1.1390 and then to 1.1800.

EUR/USD Daily Chart November 2014-May 2015

Previous forecast:

EUR/USD Daily Chart October 2014-April 2015

Long-term forecast, January – June 2015

Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue in case the market drops below support level 1.2260, which will be followed by reaching support level 1.1000.Alternative scenario:An uptrend will start as soon as the pair rises above resistance level 1.2260, which will be followed by moving up to resistance level 1.3940.

EUR/USD Weekly Chart June 2012-November 2014

EUR/USD Monthly Chart August 1993-December 2014

Previous forecast:

EUR/USD Monthly Chart February 2003-October 2013

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