Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5110, which will be followed by reaching support level 1.4870, where next support is based on 1.4530.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5110, which will be followed by moving up to resistance level 1.5290 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.5530.
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5110, which will be followed by reaching support level 1.4870, where next support is based on 1.4530.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5110, which will be followed by moving up to resistance level 1.5290 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.5530.
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