Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.3540, which will be followed by moving up to resistance level 1.3640 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3770.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.3485, which will be followed by reaching support level 1.3360.
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1.3540, which will be followed by moving up to resistance level 1.3640 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.3770.
Alternative scenario:
The downtrend may be expected to continue in case the market drops below support level 1.3485, which will be followed by reaching support level 1.3360.
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