EUR/USD today's daily forecast 05/09/12
9 May 2012
Today's daily forecast
The pair is trading along an sideways trading pattern.
The downtrend may be expected to continue in case the market drops below support level 1.2950, which will be followed by reaching support level 1.2815.
An uptrend will start as soon as the pair rises above resistance level 1.3015, which will be followed by moving up to resistance level 1.3075 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3150.
Resistances:1.3015, 1.3075, 1.3150, 1.3245
Supports: 1.2950, 1.2815
Forecast weekly, May 7 - 11
The downtrend may be expected to continue in case the market drops below support level 1.2950, which will be followed by reaching support level 1.2815.
An uptrend will start as soon as the pair rises above resistance level 1.3015, which will be followed by moving up to resistance level 1.3075 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3150.
Resistances:1.3015, 1.3075, 1.3150, 1.3245
Supports: 1.2950, 1.2815
Forecast weekly, May 7 - 11
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2950, which will be followed by reaching support level 1.2815 and then to 1.2680.
An uptrend will start as soon as the pair rises above resistance level 1.3075, which will be followed by moving up to resistance level 1.3245 and then to 1.3345.
Resistances: 1.3075, 1.3115, 1.3245, 1.3345, 1.3445
Supports: 1.2950, 1.2815, 1.2680
Forecast monthly, March and April
The downtrend may be expected to continue in case the market drops below support level 1.2950, which will be followed by reaching support level 1.2815 and then to 1.2680.
An uptrend will start as soon as the pair rises above resistance level 1.3075, which will be followed by moving up to resistance level 1.3245 and then to 1.3345.
Resistances: 1.3075, 1.3115, 1.3245, 1.3345, 1.3445
Supports: 1.2950, 1.2815, 1.2680
Forecast monthly, March and April
The pair is trading along an downtrend, that started from the level 1.3345.
The uptrend may be expected to continue in case the market rises above resistance level 1.3345, which will be followed by reaching resistance level 1.3860.
The downtrend may be expected to continue while pair is trading lowe then accumulation of resistance levels 1.3230 - 1.3345, which will be followed by reaching support level 1.2950 (with potential for correction on resistance level 1.3230 - 1.3345 with continuation of downtrend from thislevels) and if it keeps on moving down below that level (1.2950), we may expect the pair to reach support level 1.2680.
Resistances: 1.3230, 1.3345, 1.3860
Supports: 1.2950, 1.2680
Forecast Quarterly: September, October - December
The uptrend may be expected to continue in case the market rises above resistance level 1.3345, which will be followed by reaching resistance level 1.3860.
The downtrend may be expected to continue while pair is trading lowe then accumulation of resistance levels 1.3230 - 1.3345, which will be followed by reaching support level 1.2950 (with potential for correction on resistance level 1.3230 - 1.3345 with continuation of downtrend from thislevels) and if it keeps on moving down below that level (1.2950), we may expect the pair to reach support level 1.2680.
Resistances: 1.3230, 1.3345, 1.3860
Supports: 1.2950, 1.2680
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
