Last week the pair was testing the 0.7168 support level, but couldn't consolidate below this level. Current state may show the start of the prepotency of rising moves. On Monday there will not be plenty of news on the UK's and European markets and this will more likely lead to movement rates in the narrow horizontal band.
Basic movement
Going beyond the resistance level of 0.7260 will form a stable signal for purchases to the level of 0.7384. When the price 0.7300, SL should be set in the without loss area.
Alternative movement
If the pair will form a downward momentum to the consolidation below 0.7168, we should expect the continuation of the formation of the downward trend to the level 0.7030 and below.
LEVELS
Of resistance: 0.7260, 0.7320, 0.7384.
Of support: 0.7168, 0.7030.
Basic movement
Going beyond the resistance level of 0.7260 will form a stable signal for purchases to the level of 0.7384. When the price 0.7300, SL should be set in the without loss area.
Alternative movement
If the pair will form a downward momentum to the consolidation below 0.7168, we should expect the continuation of the formation of the downward trend to the level 0.7030 and below.
LEVELS
Of resistance: 0.7260, 0.7320, 0.7384.
Of support: 0.7168, 0.7030.
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