currency pair movement [main scenario]
The pair is being traded in the descending trend, Tenkan and Kijun lines are bound above the price, the price broke through the ascending cloud and is moving below it, the further descending movement is being expected. We should sell the pair below the 1,2463 resistance level, set take profit at these support levels - 1,2430, 1,2400, 1,2370.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,2463 resistance level, in such a case the further ascending movement till these resistance levels - 1,2480, 1,2525 is very possible.
LEVELS
Resistance: 1,2463; 1,2480; 1,2525.
Support: 1,2430; 1,2400; 1,2370.
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