Main scenario:
The pair is trading along an sideways trend
An downtrend will start as soon, as the pair drops below support level 1309, which will be followed by moving down to support level 1272 and if it keeps on moving down below that level, we may expect the pair to reach support level 1225.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1330, which will be followed by moving up to resistance level 1392.
S/R levels:
Supports: 1309 (main), 1271 (strong), 1225 (strong)
Resistances: 1330 - 1350 (main), 1392 (strong)
The pair is trading along an sideways trend
An downtrend will start as soon, as the pair drops below support level 1309, which will be followed by moving down to support level 1272 and if it keeps on moving down below that level, we may expect the pair to reach support level 1225.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1330, which will be followed by moving up to resistance level 1392.
S/R levels:
Supports: 1309 (main), 1271 (strong), 1225 (strong)
Resistances: 1330 - 1350 (main), 1392 (strong)
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