Main scenario:
The pair is trading along an downtrend, that may be expected to continue in case the market drops below support level 1108, which will be followed by reaching support level 1095 and then to 1080.
Alternative scenario:
An uptrend start can be expecting from support level 1117, which will be followed by moving up to resistance level 1124 and then to 1133 - 1140.
The pair is trading along an downtrend, that may be expected to continue in case the market drops below support level 1108, which will be followed by reaching support level 1095 and then to 1080.
Alternative scenario:
An uptrend start can be expecting from support level 1117, which will be followed by moving up to resistance level 1124 and then to 1133 - 1140.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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