Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.0730, which will be followed by reaching support level 1.0490 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0200.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.0730, which will be followed by moving up to resistance level 1.0970 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1350.
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.0730, which will be followed by reaching support level 1.0490 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0200.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.0730, which will be followed by moving up to resistance level 1.0970 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.1350.
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