This/Next Week Forecast (November 23 – 27, 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 1.2010 and 1.2090.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1815, which will be followed by moving down to support level 1.1745 and if it keeps on moving down below that level, we may expect the market to reach support level 1.1600.
previous week forecast
Fundamental analysis
Difference between US – EU manufacturing and interest rates showing fair price on the level 1.1450 – 1.12.
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.
