Main scenario of currency pair movement
The pair is being traded in flat, the price has broken February high, Tenkan and Kijun lines are moving in parallel, the pair is moving above the ascending cloud, the further movement in the ascending trend is being forecast. One should buy the pair above the 1,6822 support level, set take profit at the 1,6865,1,6900, 1,6920 resistance levels.
Alternative scenario of currency pair movement
In case if the pair breaks through and gets fixed below the 1,6822 support level, then the further descending movement till the 1,6805, 1,6748 support levels is possible.
LEVELS
Resistance: 1,6865; 1,6900; 1,6920.
Support: 1,6822; 1,6805; 1,6748.
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