EUR/USD Thursday Forecast

Thursday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1830, which will be followed by reaching resistance level 1.1900 – 1.1930.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1830, which will be followed by moving down to support level 1.1740.

This/Next Week Forecast (October 19 – 23, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1695, which will be followed by reaching resistance level 1.1840 – 1.1930.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1695, which will be followed by moving down to support level 1.1610 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1450.

Chart EUR USD This/Next Week Forecast, Technical Analysis

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

Fundamental analysis

Difference between US – EU manufacturing and interest rates showing fair price on the level 1.1450 – 1.12.

EURUSD fundamental analysis, US - EU PMI

Long-Term Forecast
(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

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