EURUSD forecast
23 June 2010
Today chart
Forecast of the week, 06/21–06/25
After rising above level 1.2323 (over the higher boundary of B-B+ downtrend) the pair is now trading along an uptrend having the upside target seen at resistance level 1.2700, and intermediate resistance at level 1.2579. Current trend/forecast remains in effect until the market goes under support level 1.2323.
In case the pair goes below level 1.2323, a new downtrend will start to develop with the drop target set at support level 1.2112.
Forecast monthly, June
The pair is trading along the downtrend having the drop target set at level 1.1000. If it goes under level 1.1645, the downside momentum will grow stronger.
An uptrend will be started in case the pair rises above level 1.2400, which will be followed by moving up to resistance level 1.2720. If the pair keeps on rising above that level, it will reach level 1.3450.
Forecast of the week, 06/21–06/25
After rising above level 1.2323 (over the higher boundary of B-B+ downtrend) the pair is now trading along an uptrend having the upside target seen at resistance level 1.2700, and intermediate resistance at level 1.2579. Current trend/forecast remains in effect until the market goes under support level 1.2323.
In case the pair goes below level 1.2323, a new downtrend will start to develop with the drop target set at support level 1.2112.
Forecast monthly, June
The pair is trading along the downtrend having the drop target set at level 1.1000. If it goes under level 1.1645, the downside momentum will grow stronger.
An uptrend will be started in case the pair rises above level 1.2400, which will be followed by moving up to resistance level 1.2720. If the pair keeps on rising above that level, it will reach level 1.3450.
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.
