Main scenario of currency pair movement
The pair is being traded in the ascending trend, yesterday's forecast has proved to be right, the pair is moving along the maximum, for the last two hours the pair has bounced to the upper border of the ascending cloud – the 1,6802 support level, it is a perfect position to open buy deal, the further ascending movement is being forecast. One should buy the pair above the 1,6802 support level, set take profit at the 1,6820, 1,6838,1,6865 resistance levels.
Alternative scenario of currency pair movement
In case if the pair breaks through and gets fixed below the 1,6802 support level, then the further descending movement till the following levels - 1,6780, 1,6754 is possible.
LEVELS
Resistance: 1,6820; 1,6838; 1,6865.
Support: 1,6802; 1,6780; 1,6754.
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