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EUR/USD, 04.06.16: sideways trend between 1.1315 and 1.1400

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.1315 and resistance 1.1400. An downtrend will start as soon, as the pair drops below support level 1.1315, which will be followed by moving down to support level 1.1250. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1400, which will be followed by moving up to resistance level 1.1440 and 1.1545.

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