currency pair movement [main scenario]
The pair was moving due to the previous forecast and at the moment it continues to move in the descending trend, Tenkan and Kijun lines are bound above the price, the price is moving below the descending cloud, the further descending movement is being expected. We should sell the pair below the 1,2305 resistance level, set take profit at these support levels - 1,2270, 1,2250, 1,2220.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,2305 resistance level, in such a case the further ascending movement till these resistance levels - 1,2340, 1,2370 is very possible.
LEVELS
Resistance: 1,2305; 1,2340; 1,2370.
Support: 1,2270; 1,2250; 1,2220.
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