EUR/USD weekly forecast
Forecast For This/Next Week
(September 28 - October 2, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1750, which will be followed by moving up to resistance level 1.1930.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1750, which will be followed by reaching support level 1.1450.
previous week eur usd forecast
Fundamental analysis
Difference between US - EU manufacturing and interest rates showing fair price on the level 1.1450 - 1.12.
Long-Term Forecast
(Quarter III: July - September, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1740, which will be followed by reaching resistance level 1.1930 and 1.2310.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1740, which will be followed by moving down to support level 1.1450 and 1.1170.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-