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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 1649, which will be followed by reaching support level 1634 and if it keeps on moving down below that level, we may expect the pair to reach support level 1623.
An uptrend will start as soon as the pair rises above resistance level 1660, which will be followed by moving up to resistance level 1677.
Resistances: 1649, 1660, 1664, 1677
Supports: 1634, 1623
The downtrend may be expected to continue in case the market drops below support level 1649, which will be followed by reaching support level 1634 and if it keeps on moving down below that level, we may expect the pair to reach support level 1623.
An uptrend will start as soon as the pair rises above resistance level 1660, which will be followed by moving up to resistance level 1677.
Resistances: 1649, 1660, 1664, 1677
Supports: 1634, 1623
