EUR/USD today's market forecast 01/24/12
24 January 2012
Today's forecast
The pair is trading along an uptrend.
The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1.3095 and 1.3230.
An downtrend will start as soon as the pair drops below support level 1.2980, which will be followed by moving down to support level 1.2815.
Resistances: 1.3095, 1.3230
Supports: 1.2980, 1.2875, 1.2815, 1.2690
Forecast weekly, January 23 - 27
The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1.3095 and 1.3230.
An downtrend will start as soon as the pair drops below support level 1.2980, which will be followed by moving down to support level 1.2815.
Resistances: 1.3095, 1.3230
Supports: 1.2980, 1.2875, 1.2815, 1.2690
Forecast weekly, January 23 - 27
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.2980, which will be followed by reaching resistance level 1.3095 and then 1.3230.
An downtrend will start as soon as the pair drops below support level 1.2815, which will be followed by moving down to support level 1.2690.
Resistances: 1.2980, 1.3095, 1.3230
Supports: 1.2875, 1.2815, 1.2690
Forecast monthly, December
The uptrend may be expected to continue in case the market rises above resistance level 1.2980, which will be followed by reaching resistance level 1.3095 and then 1.3230.
An downtrend will start as soon as the pair drops below support level 1.2815, which will be followed by moving down to support level 1.2690.
Resistances: 1.2980, 1.3095, 1.3230
Supports: 1.2875, 1.2815, 1.2690
Forecast monthly, December
The pair is trading along an downtrend.
The downtrend may be expected to continue from current level (1.3445), which will be followed by reaching support level 1.3200 and then 1.2980.
An uptrend will start as soon as the pair rises above resistance level 1.3500, which will be followed by moving up to resistance level 1.3800 and then 1.3970.
Resistances: 1.3500, 1.3605, 1.3800, 1.3970, 1.4150
Supports: 1.3345, 1.3200, 1.3080, 1.2980
Forecast Quarterly: September, October - December
The downtrend may be expected to continue from current level (1.3445), which will be followed by reaching support level 1.3200 and then 1.2980.
An uptrend will start as soon as the pair rises above resistance level 1.3500, which will be followed by moving up to resistance level 1.3800 and then 1.3970.
Resistances: 1.3500, 1.3605, 1.3800, 1.3970, 1.4150
Supports: 1.3345, 1.3200, 1.3080, 1.2980
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
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.
