This/Next Week Forecast (May 23 – 27, 2022)
Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 1.0461, which will be followed by reaching resistance level 1.0806.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.0461, which will be followed by moving down to support level 1.0340.
Monthly Forecast, June 2022
Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 1.0340, which will be followed by reaching resistance level 1.0806 and 1.1186.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 1.0340, which will be followed by moving down to support level 1.0119.
