Main scenario:
The pair is trading along an sideways trend between resistance 1.1390 and support 1.1110 levels. An downtrend will start as soon, as the pair drops below support level 1.1110, which will be followed by moving down to support level 1.0980 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0730.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.1390, which will be followed by moving up to resistance level 1.1770.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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