EUR/USD Weekly Forecast

This/Next Week Forecast (November 16 – 20, 2020)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2155.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1.1930, which will be followed by reaching support level 1.1600.

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 1.1450 – 1.12.

EURUSD fundamental analysis, US - EU PMI

Monthly Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.1930, which will be followed by moving up to resistance level 1.2310.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1600, which will be followed by moving down to support level 1.1450 and 1.1170.

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

share article

Share on facebook
Share on twitter
Share on linkedin

follow updates

free subscription to forecasts