currency pair movement [main scenario]
The pair is moving similar to EUR/USD pair, the last forecast was totally right, Tenkan and Kijun lines are bound above the price, the price is moving below the descending cloud from the 1,6220 support level, the further correction is being expected. We should buy the pair above the 1,6220 support level, set take profit at these resistance levels - 1,6250, 1,6270, 1,6295.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed below the 1,6220 support level, in such a case the further descending movement till these support levels - 1,6200, 1,6170 is quite possible.
LEVELS
Resistance:1,6250; 1,6270; 1,6295.
Support:1,6220; 1,6200; 1,6170.
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