Main scenario of currency pair movement
The pair is being traded in the ascending trend, however it is starting to change the movement, Tenkan and Kijun lines are bound above the price, the price has bumped into the upper border of the ascending cloud, in case this level is broken through, then the further descending movement is being forecast. One should sell the pair below the 101,93 support level, set take profit at the following levels - 101,83, 101,58.
Alternative scenario of currency pair movement
In case if the pair does not manage to break through and get fixed below the 101,93 support level, then the further ascending movement till the 102,12, 102,35, 102,71 resistance levels is possible.
LEVELS
Resistance: 102,12; 102,35; 102,71.
Support: 101,93; 101,83; 101,58.
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