The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5785, which will be followed by reaching resistance level 1.5960.
An downtrend will start as soon as the pair drops below support level 1.5620 and then 1,5550, which will be followed by moving down to support level 1.5435.
Resistances: 1.5720, 1.5800, 1.5960
Supports: 1.5620, 1.5550, 1.5435, 1.5340
By
M.Zohaib Gadit
Forex Trading Consultant
The uptrend may be expected to continue in case the market rises above resistance level 1.5785, which will be followed by reaching resistance level 1.5960.
An downtrend will start as soon as the pair drops below support level 1.5620 and then 1,5550, which will be followed by moving down to support level 1.5435.
Resistances: 1.5720, 1.5800, 1.5960
Supports: 1.5620, 1.5550, 1.5435, 1.5340
By
M.Zohaib Gadit
Forex Trading Consultant
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