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EUR/USD: break up of 1.0855 will start uptrend to 1.1200

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend with abbility of drop to 1.0710, where if market will keeps on moving down below that level, we may expect the pair to reach support level 1.0580. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.0855, which will be followed by moving up to resistance level 1.0985 and then to 1.1200.

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