Weekly Forecast (August 28 – September 1, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,0912, which will be followed by moving up to resistance level 1б1095.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,0912, which will be followed by reaching support level 1,0765 and if it keeps on moving down below that level, we may expect the market to reach support level 1,0635.
Monthly Forecast, July 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,1095, which will be followed by moving up to resistance level 1,1494.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,1095, which will be followed by reaching support level 1,0835 and 1,0635.
