EUR/USD Weekly Forecast

This/Next Week Forecast (December 21 – 25, 2020)

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 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1.2555.
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 1.1930.

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 1.13.

EURUSD fundamental analysis, US - EU PMI

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.

Chart EUR USD Forecast 2020, Long-term Outlook, Technical Analysis

previous forecast

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