currency pair movement [main scenario]
Movement of the pair is changed into the descending trend, Tenkan and Kidzhun lines are bound above the price level, the price is moving below the descending cloud, the further descending movement is expected. We should sell the pair below the 1,6000 resistance level, and set Take Profut at the 1,5970, 1,5940, 1,5900 support levels.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,6000 resistance level, in such a case the further movement of the pair in the ascending trend till the 1,6020, 1,6058 resistance levels is possible.
LEVELS
Resistance: 1,6000; 1,6020: 1,6058.
Supports: 1,5970; 1,5940; 1,5900.
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