EUR/USD Wednesday Forecast

Wednesday Forecast, 27 July 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,0320, which will be followed by moving up to resistance level 1,0428.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,0170, which will be followed by moving down to support level 1,0000.

This/Next Week Forecast (July 25 – 29, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.0428, which will be followed by moving up to resistance level 1.0671.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.0428, which will be followed by reaching support level 1.0172 and 1.0000.

Monthly Forecast, August 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.0428, which will be followed by moving up to resistance level 1.0671 and 1.0853.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.0428, which will be followed by reaching support level 1.0000 and if it keeps on moving down below that level, we may expect the market to reach support level 1.09600.

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