This/Next Week Forecast (February 1 – 5, 2021)
An uptrend will start as soon, as the market rises above resistance level 1.2190, which will be followed by moving up to resistance level 1.2310.
The downtrend may be expected to continue, while market is trading below resistance level 1.2190, which will be followed by reaching support level 1.2052 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1880.
previous week forecast
Difference between US – EU manufacturing and interest rates showing fair price on the level 1.12.
Monthly Forecast, January 2021
The uptrend may be expected to continue in case the market rises above resistance level 1.2310, which will be followed by reaching resistance level 1.2555 and 1.2800.
An downtrend will start as soon, as the market drops below support level 1.2010, which will be followed by moving down to support level 1.1600.