Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.2145, which will be followed by reaching resistance level 1.2310.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.2145, which will be followed by moving down to support level 1.2060.
This/Next Week Forecast (December 14 – 18, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.2055, which will be followed by reaching resistance level 1.2310.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.2055, which will be followed by moving down to support level 1.1920 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1740.
previous week forecast
Fundamental analysis
Difference between US – EU manufacturing and interest rates showing fair price on the level 1.1450 – 1.12.
Monthly Forecast, December 2020
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2010, which will be followed by moving up to resistance level 1.2310.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.2010, which will be followed by reaching support level 1.1600 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1450 and 1.1170.
previous forecast
