Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.6040, which will be followed by reaching support level 1.5720.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.6250, which will be followed by moving up to resistance level 1.6660.
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.6040, which will be followed by reaching support level 1.5720.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.6250, which will be followed by moving up to resistance level 1.6660.
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