EUR/USD Weekly Forecast

This/Next Week Forecast (February 8 – 12, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2080, which will be followed by moving up to resistance level 1.2235.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.2080, which will be followed by reaching support level 1.1880.

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 1.12.

EURUSD fundamental analysis, US - EU PMI

Monthly Forecast, January – February 2021

Uptrend scenario
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.
Downtrend scenario
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.

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

previous forecast

Share on facebook
Share on twitter
Share on linkedin

LEARN TO ANALYZE AND FORECAST THE MARKETS

Stage One $165
Stage Two $165
Stage Three $165

PROLONGUE TRAINING

Group $95
Mentorship $295