EUR/USD Forecast, Technical Analysis

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  • EUR/USD (6E), futures market
    Tuesday forecast, March 31
    Downtrend
    The uptrend may be expected to continue in case the market rises above resistance level 1.0990, which will be followed by reaching resistance level 1.0931 and then 1.0857.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 1.1025, which will be followed by moving up to resistance level 1.1092 – 1.1124.

    Weekly forecast, March 30 – April 3
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0857 – 1.0793.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502.

    Monthly forecast, April 2020
    Downtrend
    The downtrend may be expected to continue, while pair is trading below resistance level 1.1235, which will be followed by reaching support level 1.0793 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0605.
    Uptrend
    An uptrend will start as soon, as the pair rises above resistance level 1.1235, which will be followed by moving up to resistance level 1.1502 – 1.1632.


    DISCLAIMER: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor

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