EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615

EUR/USD, Weekly Forecast, May 16 - 20: Rebounding from Main Support 1.1355 with Possible Target on 1.1615

17 May 2016, 12:27
Roberto Jacobs
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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.


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