EUR/USD today's market forecast 11/16/11
16 November 2011
Today's forecast
The pair is trading along an downtrend.
The downtrend may be expected to continuefrom curent levels, which will be followed by reaching support level 1.3345.
An uptrend will start as soon as the pair rises above resistance level 1.3540, which will be followed by moving up to resistance level 1.3645.
Resistances: 1.3540, 1.3645, 1.3700
Supports: 1.3385, 1.3345, 1.3200
Forecast weekly, November 14 – 18
The downtrend may be expected to continuefrom curent levels, which will be followed by reaching support level 1.3345.
An uptrend will start as soon as the pair rises above resistance level 1.3540, which will be followed by moving up to resistance level 1.3645.
Resistances: 1.3540, 1.3645, 1.3700
Supports: 1.3385, 1.3345, 1.3200
Forecast weekly, November 14 – 18
The pair is trading along an downtrend.
An uptrend will start as soon as the pair rises above resistance level 1.3800, which will be followed by moving up to resistance level 1.3970, 1.4150, 1.4400.
The downtrend may be expected to continue in case the market drops below support level 1.3540, which will be followed by reaching support level 1.3345 and then 1.3110.
Resistances: 1.3800, 1.3970, 1.4150, 1.4400
Supports: 1.3700, 1.3540, 1.3345, 1.3110
Forecast monthly, November
An uptrend will start as soon as the pair rises above resistance level 1.3800, which will be followed by moving up to resistance level 1.3970, 1.4150, 1.4400.
The downtrend may be expected to continue in case the market drops below support level 1.3540, which will be followed by reaching support level 1.3345 and then 1.3110.
Resistances: 1.3800, 1.3970, 1.4150, 1.4400
Supports: 1.3700, 1.3540, 1.3345, 1.3110
Forecast monthly, November
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.4185, which will be followed by reaching resistance level 1.4400, and then 1.4690.
An downtrend will start as soon as the pair drops below support level 1.3930, which will be followed by moving down to support level 1.3590 and then 1.3380.
Resistances: 1.4115, 1.4185, 1.4245, 1.4400, 1.4690, 1.4805
Supports: 1.3970, 1.3930, 1.3590, 1.3380, 1.3110
Forecast Quarterly: September, October - December
The uptrend may be expected to continue in case the market rises above resistance level 1.4185, which will be followed by reaching resistance level 1.4400, and then 1.4690.
An downtrend will start as soon as the pair drops below support level 1.3930, which will be followed by moving down to support level 1.3590 and then 1.3380.
Resistances: 1.4115, 1.4185, 1.4245, 1.4400, 1.4690, 1.4805
Supports: 1.3970, 1.3930, 1.3590, 1.3380, 1.3110
Forecast Quarterly: September, October - December
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.3485, which will be followed by reaching support level 1.3110 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2690 and then 1.2200.
An uptrend will start as soon as the pair rises above resistance level 1.3975 and also then 1.4400, which will be followed by moving up to resistance level 1.4805 and then to 1.5550.
Resistances: 1.3975, 1.4400, 1.4805, 1.5550
Supports: 1.3485, 1.3110, 1.2690, 1.2200
The downtrend may be expected to continue in case the market drops below support level 1.3485, which will be followed by reaching support level 1.3110 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.2690 and then 1.2200.
An uptrend will start as soon as the pair rises above resistance level 1.3975 and also then 1.4400, which will be followed by moving up to resistance level 1.4805 and then to 1.5550.
Resistances: 1.3975, 1.4400, 1.4805, 1.5550
Supports: 1.3485, 1.3110, 1.2690, 1.2200
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.
