Main scenario:
The pair is trading along an uptrend with target on 1135 and may be expected to continue, while pair is trading above support level 1108. If arket will keeps on moving up above 1135, we may expect the pair to reach resistance level 1190.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1108, which will be followed by moving down to support level 1088 and then to 1055.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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