EUR/USD, forecast on Monday, 05/20/13
Forecast on Monday, 05/20/13
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.2890, which will be followed by moving up to resistance level 1.3030.
An downtrend will start as soon, as the pair drops below support level 1.2800, which will be followed by moving down to support level 1.2745 and then 1.2670.
Supports: 1.2800, 1.2745, 1.2670
Resistances: 1.2890, 1.2930, 1.3030

Weekly forecast, 05/20 - 05/24
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2800, which will be followed by reaching support level 1.2670.
An uptrend will start as soon, as the pair rises above resistance level 1.2890, which will be followed by moving up to resistance level 1.3030.
Supports: 1.2800, 1.2670
Resistances: 1.2890, 1.2930, 1.3030

Monthly forecast, April
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.2845, which will be followed by reaching resistance level 1.3345 and possible 1.3570.
An downtrend will start as soon, as the pair drops below support level 1.2845, which will be followed by moving down to support level 1.2670 and then 1.2300.
Supports: 1.2845, 1.2805, 1.2670, 1.3200
Resistances: 1.3075, 1.3215, 1.3345, 1.3570

Quarterly forecast, April - June
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.2805, which will be followed by reaching resistance level 1.3345, 1.3570 and possible 1.3860.
The downtrend may be expected to continue in case the market drops below support level 1.2805, which will be followed by reaching support level 1.2670 and then 1.3200.
Supports: 1.805, 1.2670, 1.3200
Resistances: 1.3345, 1.3570, 1.3860








