currency pair movement [main scenario]
The pair continues to move in the ascending trend, Tenkan and Kijun lines are bound below the price, the price is moving above the ascending cloud, the further ascending movement is being forecast after a slight retracement. One should buy the pair above the 1,6430 support level, set take profit at the following resistance levels - 1,6470,1,6490, 1,6520.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed below the 1,6430 support level, in such a case the further descending movement till these support levels - 1,6390, 1,6360 is quite possible.
LEVELS
Resistance: 1,6470; 1,6490; 1,6520.
Support: 1,6430; 1,6390; 1,6360.
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