Main scenario:
The pair is trading along an sideways trend.
The uptrend may be expected to continue in case the market rises above resistance level 1.6290, which will be followed by reaching resistance level 1.6430.
Alternative scenario:
An downtrend is already started from resistance level 1.6250, which will be followed by reaching support level 1.6100.
The pair is trading along an sideways trend.
The uptrend may be expected to continue in case the market rises above resistance level 1.6290, which will be followed by reaching resistance level 1.6430.
Alternative scenario:
An downtrend is already started from resistance level 1.6250, which will be followed by reaching support level 1.6100.
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