Weekly forecast (July 24 – 28, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 77,15, which will be followed by reaching resistance level 81,44.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 77,15, which will be followed by moving down to support level 73,78.
Monthly forecast, July 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 75,70, which will be followed by moving up to resistance level 82,24.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 75,70, which will be followed by reaching support level 72,72 and 66,96.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
Recommended Content
Editors’ Picks

EUR/USD holds losses below 1.0500 on Trump’s tariff uncertainty
EUR/USD keeps losses below 1.0500 in the European trading hours on Thursday. The pair suffers from a sustained US Dollar recovvery-led by US President Trump's conflicting messages on tariffs. Traders now look to the ECB Minutes, US GDP revision and Trump-speak for impetus.

GBP/USD remains depressed below 1.2700 amid US Dollar strength
GBP/USD remains depressed below 1.2700 in European trading on Thursday. Broad US Dollar strength and cautious mood, amid US President Trump's tariff uncertainty, weigh down on the pair ahead of key US macro releases and more Trump talks.

Gold falls on Trump creating more confusion about tariffs
Gold’s price faces strong selling pressure and extends this week’s correction to hit a ten-day low near $2,880 on Thursday. The leg lower comes after US President Donald Trump cast doubts and confusion during a cabinet meeting on Wednesday about what levies will be applied, when, and to which countries.

Solana Price Forecast: DTCC lists first SOL futures ETF, will it avert $130 breakdown?
Solana price tumbled from $172 to $134 this week as FTX estate’s impending token unlock looms ahead despite early gains from a new SOL ETF listing.

February inflation: Sharp drop expected in France, stability in the rest of the Eurozone
Inflation has probably eased in February, particularly in France due to the marked cut in the regulated electricity price. However, this overall movement masks divergent trends. Although disinflation is becoming more widespread, prices continue to rise rapidly in services, in France as well as elsewhere in the Eurozone.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.