Main scenario:
The pair is trading along a downtrend with target on 1.4800, that may be expected to continue while pair is trading below resistance level 1.5080.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5080, which will be followed by moving up to resistance level 1.5235.
Monthly forecast, December 2015
Main scenario:
The pair is trading along a downtrend with target on 1.4800 - 1.4630 that may be expected to continue while pair is trading below resistance level 1.5080.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5080, which will be followed by moving up to resistance level 1.5235 and then to 1.5440.
Long-term forecast: September - November, 2015
Main scenario:
The pair is trading along a downtrend to 1.4300.
The downtrend may be expected to continue while pair is trading below resistance level 1.5550, which will be followed by reaching support level 1.4800 and to 1.4300.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1.5550, which will be followed by moving up to resistance level 1.5880 and then to 1.6200.
