EURUSD forecast
19 May 2010
Today chart
Forecast for the week, 05/17 – 05/21
The pair is trading along the downtrend having the drop target set at support level 1.1865. Level 1.2200 is serving as an intermediate resistance. Current downtrend is in effect until the pair rises above 1.2500.
Should the pair rise above level 1.2500, an uptrend will start to develop with the upside target set at resistance level 1.2800. If the market moves on above that level, the upside momentum will grow stronger and the next target will be seen at intermediate resistance level 1.2980, and then at major resistance 1.3200.
Monthly forecast, May – June
The pair is trading along the downtrend having the drop target set at support level 1.1655. Intermediate supports are seen at levels 1.2200 and 1.1865. Current downtrend is in effect until the pair rises above level 1.2800.
Should the pair rise above level 1.2800, an uptrend will start to develop with the upside target set at resistance level 1.3100. If the market moves on above level 1.3100, the upside momentum will grow stronger and the next target will be seen at intermediate resistance level 1.3660. If the market gets over that target, it will reach resistance 1.4345.
Forecast for the week, 05/17 – 05/21
The pair is trading along the downtrend having the drop target set at support level 1.1865. Level 1.2200 is serving as an intermediate resistance. Current downtrend is in effect until the pair rises above 1.2500.
Should the pair rise above level 1.2500, an uptrend will start to develop with the upside target set at resistance level 1.2800. If the market moves on above that level, the upside momentum will grow stronger and the next target will be seen at intermediate resistance level 1.2980, and then at major resistance 1.3200.
Monthly forecast, May – June
The pair is trading along the downtrend having the drop target set at support level 1.1655. Intermediate supports are seen at levels 1.2200 and 1.1865. Current downtrend is in effect until the pair rises above level 1.2800.
Should the pair rise above level 1.2800, an uptrend will start to develop with the upside target set at resistance level 1.3100. If the market moves on above level 1.3100, the upside momentum will grow stronger and the next target will be seen at intermediate resistance level 1.3660. If the market gets over that target, it will reach resistance 1.4345.
Quarterly forecast, May – July
The pair dropped below level 1.2700, where the neckline of a “head and shoulders” trend-turning figure resided. That caused the downside momentum to grow stronger. The drop target is currently seen at level 1.1655. If the market goes below that level, it will reach level 1.000.
An uptrend may be started upon the pair’s rising above level 1.3100. Then the market will go up to resistance level 1.4630 (“Q” trendline).
An uptrend may be started upon the pair’s rising above level 1.3100. Then the market will go up to resistance level 1.4630 (“Q” trendline).
Yearly forecast, 2010 – 2011.
The pair dropped below level 1.2700, where the neckline of a “head and shoulders” trend-turning figure resided. That caused the downside momentum to grow stronger. The drop target is currently seen around 0.9890 – 1.0200. Current downtrend is in effect until the pair rises above 1.3100. Intermediate resistances are currently seen at levels 1.1655 and 1.000.
The figure will be cancelled and an uptrend will be started in case the pair rises above 1.3100. Then the upside target will be set at resistance level 1.4630.
The figure will be cancelled and an uptrend will be started in case the pair rises above 1.3100. Then the upside target will be set at resistance level 1.4630.
