EURUSD forecast
10 June 2010
Today chart
Forecast of the week, 06/07 – 06/11
The pair is trading along the downtrend having the drop target set at support level 1.1645. As soon as it goes below level 1.1865, the downside momentum will grow stronger. If the pair will eventually get under level 1.1645, the market will be striving to reach level 1.1000.
Otherwise, an uptrend may be started in case the pair rises above level 1.2180, which will be followed by moving up to resistance level 1.2425. If the pair goes on rising above that level, it will get to resistance 1.2700.
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, 06/07 – 06/11
The pair is trading along the downtrend having the drop target set at support level 1.1645. As soon as it goes below level 1.1865, the downside momentum will grow stronger. If the pair will eventually get under level 1.1645, the market will be striving to reach level 1.1000.
Otherwise, an uptrend may be started in case the pair rises above level 1.2180, which will be followed by moving up to resistance level 1.2425. If the pair goes on rising above that level, it will get to resistance 1.2700.
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.
