Main scenario of currency pair movement
The pair is being traded in the ascending trend, Tenkan and Kijun lines are bound below the price,the price has bounced off the lower border of the corridor of the ascending trend and has broken the descending cloud, the further movement in the ascending trend is being expected. One should buy the pair above the 1,3827 support level, set take profit at the 1,3845,1,3858, 1,3884 resistance levels.
Alternative scenario of currency pair movement
In case if the pair breaks through and gets fixed below the 1,3827 support level, then the descending movement till the 1,3812, 1,3800 support levels is possible.
LEVELS
Resistance: 1,3845; 1,3858; 1,3884.
Support: 1,3827; 1,3812; 1,3800.
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