EUR/USD (6E), futures market
Tuesday forecast, May 12
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1.0817, which will be followed by reaching resistance level 1.0850.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1.0817, which will be followed by moving down to support level 1.0790.
Weekly forecast, May 11 – 15
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1.0790, which will be followed by reaching resistance level 1.0880 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.0952 – 1.0986.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1.0790, which will be followed by moving down to support level 1.0739.
Monthly forecast, May 2020
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0793 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0605.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502 – 1.1632.
DISCLAIMER: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor
