Main scenario of currency pair movement
The pair is being traded in the ascending trend, Tenkan and Kijun lines are bound above the price,the price is within the cloud, it has attempted to break through its lower border for several times, the further movement in the ascending trend is being forecast. One should buy the pair above the 1,6805 resistance level, set take profit at the following levels - 1,6818,1,6838.
Alternative scenario of currency pair movement
In case if the pair manages to breakthrough and get fixed below the 1,6792 support level, then the further descending movement till the following levels - 1,6778,1,6756 is possible.
LEVELS
Resistance: 1,6805; 1,6818; 1,6838.
Support: 1,6792; 1,6778; 1,6756.
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