currency pair movement [main scenario]
The pair continues to move in the descending trend, Tenkan and Kijun lines are bound above the price, the price has broken through the lower border of the descending cloud and is moving below it, the further descending movement is being expected. We should sell the pair below the 1,6980 resistance level, set take profit at these support levels - 1,6958, 1,6938; 1,6908.
currency pair movement [alternative scenario]
If the pair succeeds to break through the 1,6980, resistance level, in such a case the further ascending movement till these resistance levels - 1,7002, 1,7017 is quite possible.
LEVELS
Resistance: 1,6980; 1,7002; 1,7017.
Support: 1,6958; 1,6938; 1,6908.
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