0
1 520
EUR/USD
Thus, the general forecast for EUR/USD at 2016 year-end is the following: primary bearish market condition with the secondary ranging.
This pair is on bearish market condition for
ranging between 1.07/1.08 key support levels and 1.1713 key resistance
level. The price is crossing 1.0996 support from above to below for the
bearish trend to be continuing, and the next bearish targets in this case are 1.04 and
1.02.
According to the forecast made by Westpac Banking Corporation,
this 1.07/1.08 key support levels will not be broken in 2015 and
2016 as well - we may see the secondary ranging up to December next
year for this pair, and some secondary bear market rally will be started
in the second half of 2016 only.
| Pairs | Q4 Dec'15 | Q1 Mar'16 | Q2 Jun'16 | Q3 Sep'16 | Q4 Dec'16 |
|---|---|---|---|---|---|
| EUR/USD | 1.090 | 1.070 | 1.070 | 1.080 | 1.100 |
