EUR/USD Weekly Forecast, August 31 – September 4

EUR/USD Forecast For This/Next Week
(August 31 – September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1.1930, which will be followed by reaching resistance level 1.2090 – 1.2155.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1735, which will be followed by moving down to support level 1.1450.

Chart EUR USD This/Next Week Forecast, Technical Analysis
chart: eur/usd market outlook, technical analysis

previous week eur usd forecast
Chart EUR USD This/Next Week Forecast, Technical Analysis

EUR/USD Price Prediction

According to fundamental analysis difference between US – EU manufacturing and services potential shows overbought market and the fair price at the level 1.14.

EURUSD fundamental analysis, US - EU PMI
chart: eur/usd fundamental analysis

EUR/USD Forecast 2020, Long-Term
(Quarter III: July – September, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1740, which will be followed by reaching resistance level 1.1930 and 1.2310.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1740, 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
chart: eur/usd technical analysis, market outlook

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