EUR/USD Weekly Forecast

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.

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

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