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The pair is trading along an downtrend.
An uptrend will start as soon, as the pair rises above resistance level 1.2300, which will be followed by moving up to resistance level 1.2330 and then to 1.2385.
The downtrend may be expected to continue in case the market drops below support level 1.2230, which will be followed by reaching support level 1.2155.
Supports: 1.2260, 1.2230, 1.2155
Resistances: 1.2300, 1.2330, 1.2385
An uptrend will start as soon, as the pair rises above resistance level 1.2300, which will be followed by moving up to resistance level 1.2330 and then to 1.2385.
The downtrend may be expected to continue in case the market drops below support level 1.2230, which will be followed by reaching support level 1.2155.
Supports: 1.2260, 1.2230, 1.2155
Resistances: 1.2300, 1.2330, 1.2385
