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  • EUR/USD, Forecast and Analysis

    Forecast, March 8, Wednesday. EUR/USD, GBP/USD, GOLD, US OIL

    TECHNICAL FORECAST

    EUR/USD

    Uptrend scenario:
    An uptrend will start as soon as the market rises above resistance level 1.0570, which will be followed by a move up to resistance level 1.0612 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1.0680.

    Downtrend scenario:
    The downtrend may be expected to continue, while market is trading below resistance level 1.0560, which will be followed by reaching support level 1.0500.

    eurusd

    GBP/USD

    Uptrend scenarion:
    An uptrend will start as soon as the market rises above resistance level 1.2220, which will be followed by a move up to resistance level 1.2350.

    Downtrend scenario:
    The downtrend may be expected to continue, while market is trading below resistance level 1.2220, which will be followed by reaching support level 1.2065.

    gbpusd

    GOLD

    Uptrend scenario:
    An uptrend will start as soon as the market rises above resistance level 1217, which will be followed by a move up to resistance level 1227.

    Downtrend scenario:
    The downtrend may be expected to continue, while market is trading below resistance level 1217, which will be followed by reaching support level 1206.

    gold

    US CRUDE OIL

    Uptrend scenario:
    Uptrend scenario is complicated for today with accumulation of resistances between levels 53.30 - 53.70.

    Downtrend scenario:
    The downtrend may be expected to continue, while market is trading below resistance level 53.30, which will be followed by reaching support level 52.15.

    us oil

    by Anton Kolhanov

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    (EUR/USD, GBP/USD, GOLD)

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