currency pair movement [main scenario]
The pair is moving in the descending trend, Tenkan and Kijun lines are forwarding in parallel, the price is moving below the descending cloud, the further descending movement is being expected. We should sell the pair below the 1,6330 resistance level, set take profit at these support levels - 1,6295, 1,6270, 1,6250.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,6330 resistance level, in such a case the further ascending movement till these resistance levels - 1,6350, 1,6390 is very possible.
LEVELS
Resistance:1,6330; 1,6350; 1,6390.
Support:1,6295; 1,6270; 1,6250.
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