In anticipation of parity with US Dollar
As I see it, EUR/USD further expects descending trend, in such a way favorable conditions for exporters are created. The breaking of global levels of support 1,2200,1,1600 should be pointed, the next level is placed in the area of 1,0800.
Main movement
The pair EUR/USD is trading along an downtrend, Tenkan and Kijun lines moves in parallel and are situated above the price, the price moves below the descending cloud, continuation of downtrend is expected. It is desirable to take sell position under level of resistance 1,1230 and to fix profit at the support level 1,1200,1,1160, 1,1100.
Alternative movement
If pair manages to break through and to get fixed above the resistance level 1,1230, the continuation of ascending movement to the following levels of resistance 1,1280,1,1320 will be possible.
Level of resistance: 1,1230;1,1280; 1,1320.
Level of support: 1,1200;1,1160; 1,1100
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