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The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.5490, which will be followed by reaching support level 1.5430 and then to 1.5355.
An uptrend will start as soon, as the pair rises above resistance level 1.5575, which will be followed by moving up to resistance level 1.5640, 1.5710.
Resistances: 1.5575, 1.5640, 1.5710
Supports: 1.5530, 1.5515, 1.5490, 1.5430, 1.5355
The downtrend may be expected to continue in case the market drops below support level 1.5490, which will be followed by reaching support level 1.5430 and then to 1.5355.
An uptrend will start as soon, as the pair rises above resistance level 1.5575, which will be followed by moving up to resistance level 1.5640, 1.5710.
Resistances: 1.5575, 1.5640, 1.5710
Supports: 1.5530, 1.5515, 1.5490, 1.5430, 1.5355
