Main scenario:
The pair is trading along an sideways trend between support 1057 and resistance level 1080.
An uptrend will start as soon, as the pair rises above resistance level 1080, which will be followed by moving up to resistance level 1094 and then to 1122.
The pair is trading along an sideways trend between support 1057 and resistance level 1080.
An uptrend will start as soon, as the pair rises above resistance level 1080, which will be followed by moving up to resistance level 1094 and then to 1122.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1057, which will be followed by moving down to support level 1045.
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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