Main scenario:
The pair is trading along an downtrend and already has reached main support level on 1.0700. The downtrend may be expected to continue in case the market drops below support level 1.0700, which will be followed by reaching support level 1.0580 and then to 1.0490.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.0870, which will be followed by moving up to resistance level 1.0980 and then to 1.1150.
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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