Currency pair movement | Main scenario
The pair is moving in the ascending trend, due to yesterday's forecast the correction was formed,currently the price is moving along the 1,6786 support level below the ascending cloud, the further ascending movement from current level is being expected. In my opinion we should buy the pair above the 1,6786 support level, set take profit at the 1,6805, 1,6818,1,6838 resistance levels.
Currency pair movement | Alternative scenario
If the pair manages to break through and get fixed below the 1,6786 support level, in such a case the further descending movement till the following 1,6768, 1,6745 support levels is quite possible.
LEVELS
Resistance: 1,6805; 1,6818; 1,6838.
Support: 1,6786; 1,6768; 1,6745.
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