Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1180, which will be followed by reaching support level 1135 and if it keeps on moving down below that level, we may expect the pair to reach support level 1100.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1180, which will be followed by moving up to resistance level 1248.
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1180, which will be followed by reaching support level 1135 and if it keeps on moving down below that level, we may expect the pair to reach support level 1100.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1180, which will be followed by moving up to resistance level 1248.
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