EUR/USD, Monday forecast, August 19
The downtrend may be expected to continue, while pair is trading below resistance level 1.1106, which will be followed by reaching suport level 1.1075 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.1027.
An uptrend will start as soon, as the pair rises above resistance level 1.1106, which will be followed by moving up to resistance level 1.1146.
Weekly forecast, August 19 – 23
The downtrend may be expected to continue, while pair is trading below resistance level 1.1220, which will be followed by reaching support level 1.1027 – 1.0980 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0800.
An uptrend will start as soon, as the pair rises above resistance level 1.1220, which will be followed by moving up to resistance level 1.1370.
Forecast based on “Strategist” trading system
Trading signals based on forecast