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EUR/USD Medium Term Forecast:
EUR/USD remains in downtrend from May 2014 high 1.3993. Further decline would likely to be seen, we expect next target as 1.3160 to 1.3080 level. Only break above previous august first two weeks support 1.3450 we can expect further upside. 1.3450 level act as initial resistance for further weakness in EURO.
EUR/USD remains in downtrend from May 2014 high 1.3993. Further decline would likely to be seen, we expect next target as 1.3160 to 1.3080 level. Only break above previous august first two weeks support 1.3450 we can expect further upside. 1.3450 level act as initial resistance for further weakness in EURO.
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.2595 | 1.3000 | 1.3160 – 1.3080 | 1.3350 | 1.3550 | 1.3740 |