Weekly Forecast (September 11 – 15, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,0765, which will be followed by moving up to resistance level 1,0945.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,0765, which will be followed by reaching support level 1,0635.
Monthly Forecast, September – October, 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,0765, which will be followed by moving up to resistance level 1,0945 and 1.1095.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,0765, which will be followed by reaching support level 1,0635 and if it keeps on moving down below that level, we may expect the market to reach support level 1,0516 and 1,0340.
