currency pair movement [main scenario]
The pair continues to move in the descending trend, Tenkan and Kijun lines are bound above the price, the price is moving below the descending cloud, the further descending movement is being expected. We should sell the pair below the 1,7056 resistance level, set take profit at these support levels - 1,7032, 1,7009, 1,6990.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,7056 resistance level, in such a case the further ascending movement till these resistance levels - 1,7072, 1,7085 is quite possible.
LEVELS
Resistance: 1,7056; 1,7072; 1,7085.
Support: 1,7032; 1,7009; 1,6990.
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