Main scenario of currency pair movement
The pair is being traded in flat, the price has broken through the descending cloud and yesterday's forecast has proved to be right, then the pair moved downwards and broke through the same cloud from top downward, however the price did not manage to get fixed below it, the further ascending movement is being forecast. One should buy the pair from the 1,3808 support level, set take profit at the 1,3820, 1,3831, 1,3849 resistance levels.
Alternative scenario of currency pair movement
In case the pair manages to breakthrough and get fixed below the descending cloud, then the further descending movement till the 1,3786 support level is possible.
LEVELS
Resistance: 1,3820; 1,3831; 1,3849.
Support: 1,3808; 1,3802; 1,3786.
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