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  • EUR/USD, Forecast and Analysis

    EUR/USD, February 06: uptrend to 1.0795

    February 06, 2017
    Uptrend to resistance 1.0760 - 1.0795

    Main scenario:
    The market is trading along an uptrend with target on resistance 1.0760 - 1.0795, that may be expected to continue, while market is trading above support level 1.0680.

    Alternative scenario:
    An downtrend will start as soon, as the market drops below support level 1.0680, which will be followed by a move down to support level 1.0630 and 1.0520.

    eurusd forecast

    February 06, 2017
    Long term forecast: uptrend to 1.1220

    Main scenario:
    The market is trading along an uptrend with target on 1.1220, that may be expected to continue, while market is trading above support level 1.0680. Also we have strong resistance on 1.0830, that market should to break up, before uptrend will continue.

    Alternative scenario:
    An downtrend will start as soon, as the market drops below support level 1.0680, which will be followed by a move down to support level 1.0520.

    eurusd forecast

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