EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615
17 May 2016, 12:27
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EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615
Main scenario:
The pair is trading along an downtrend with target on 1.1215, that may
be expected to continue, while pair is trading below resistance level
1.1370.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level
1.1370, which will be followed by moving up to resistance level 1.1460
and 1.1535.
![[TLV]: Timings at Market Highs and Lows Price Extremes, Exhaustion, and Timing Reactions](https://c.mql5.com/6/1006/splash-preview-770296.jpg "[TLV]: Timings at Market Highs and Lows Price Extremes, Exhaustion, and Timing Reactions")
![[TLV]: When a Timing Should Be Ignored Liquidity Activation Point ≠ automatic entry](https://c.mql5.com/6/1006/splash-preview-770298.png "[TLV]: When a Timing Should Be Ignored Liquidity Activation Point ≠ automatic entry")
