EUR/USD, Weekly Forecast, May 23 - 27: Break Up of 1.1260 Open Uptrend Target on 1.1460
23 May 2016, 12:50
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EUR/USD, Weekly Forecast, May 23 - 27: Break Up of 1.1260 Open Uptrend Target on 1.1460
Main scenario:
The pair is trading along an sideways trend between support 1.1215 and
resistance 1.1260, where break down of 1.1215 will open downtrend target
on 1.1150 and then to 1.1050.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level
1.1260, which will be followed by moving up to resistance level 1.1370
and 1.1460.
