EUR/USD прогноз

The pair is following a sideways trading pattern, partially leaving the “B-B+” daily downtrend. A potential of uptrend development emerged after the Friday payrolls release followed by getting to level 1.3620. The target of that potential uptrend would be found at level 1.3800. We may try to buy from 1.3620 with the target at 1.3800 and stop loss below 1.3560.

 

 

The pair is trading along the “F-F+” downtrend, however after the Friday payrolls release there appeared signs of an upside towards level 1.3805, which is the 4th (Elliot’s) wave. Upon getting to that level, the 5th down-trending wave is supposed to develop having the target at level 1.2870..

 

 

The fact that the pair has left the “D-D+” uptrend revealed a potential of dropping to supports 1.3555–1.3285. Those supports are of equal strength and at the moment it’s really hard to tell from which support the market will turn in future. But the fact is the pair will get to 1.3555 at least. In case it will continue to drop after that, we should expect hitting 1.3285.

At that point we may consider a possibility of correction to level 1.4650, followed by drop to 1.2750.

 

 

The fact that the pair has left the “P-P+” uptrend revealed a potential of dropping to level 1.2750. In general, if the pair manages to retreat below the “neckline” (level 1.2600/50), strategically, it will get to level 1.0000.

 

Taking into consideration the picture over weekly graph, the pair is certainly trading along a downtrend and it set its first drop target at level 1.2750 (the “neckline” of the “head and shoulders” trend-turning figure) – see weekly graph.