EUR USD Weekly Forecast, August 17 – 21

EUR USD Forecast For This/Next Week
(August 17 – 21, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1.1930, which will be followed by reaching resistance level 1.2155.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1700, which will be followed by moving down to support level 1.1450.

Chart EUR USD This/Next Week Forecast, Technical Analysis
chart: eur usd market outlook, technical analysis

previous week eur usd forecast
Chart EUR USD This/Next Week Forecast, Technical Analysis

EUR USD Forecast 2020, Long-Term
(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.

Chart EUR USD Forecast 2020, Long-term Outlook, Technical Analysis
chart: eur usd technical analysis, market outlook

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