EUR/USD, Weekly forecast: further break up of 1.1215 will continue uptrend to 1.1380

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an sideways trend between support 1.1085 and resistance 1.1215. The uptrend may be expected to continue in case the market rises above resistance level 1.1215, which will be followed by reaching resistance level 1.1380. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.1085, which will be followed by moving down to support level 1.0985.

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