Forecast for Monday:
On Friday defended demand the support level of 1.1115 and then there was a return of around 1.12.
At the beginning of the week we may see a return in around the level of 1.1240, which has repeatedly represented a strong barrier to demand. In the event of overcoming the above-mentioned resistance further object appears to be correct resistance to horizontal 1,1270-95. At higher price levels to the game should turn to the supply side.
In an alternative version we can be witnessed declines from current price levels. In this case, the aim should be for supply of recent lows at 1.1115. Before that, however, supply will have to overcome the support level of 1.1155.
Looking at the currency pair in the medium and long term, you do not see a basis for further growth. Any rise in US interest rates and possible further action by the ECB will support the dollar.
On Friday defended demand the support level of 1.1115 and then there was a return of around 1.12.
At the beginning of the week we may see a return in around the level of 1.1240, which has repeatedly represented a strong barrier to demand. In the event of overcoming the above-mentioned resistance further object appears to be correct resistance to horizontal 1,1270-95. At higher price levels to the game should turn to the supply side.
In an alternative version we can be witnessed declines from current price levels. In this case, the aim should be for supply of recent lows at 1.1115. Before that, however, supply will have to overcome the support level of 1.1155.
Looking at the currency pair in the medium and long term, you do not see a basis for further growth. Any rise in US interest rates and possible further action by the ECB will support the dollar.