Could EUR/USD drop to the 1.0759 level?

Anton Kolhanov Anton Kolhanov

Weekly Forecast, April 17 – 21, 2023

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1,1032, which will be followed by moving up to resistance level 1,1184.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1,1032, which will be followed by reaching support level 1,0831 – 1,0759.

Monthly forecast, April 2023

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1,1032, which will be followed by moving up to resistance level 1.1494.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1,1032, which will be followed by reaching support level 1,0516.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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