The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1.5680 or from support level 1.5550, which will be followed by reaching resistance level 1.57600, 1.5815 and 1.5860.
The uptrend may be expected to continue in case the market rises above resistance level 1.5680 or from support level 1.5550, which will be followed by reaching resistance level 1.57600, 1.5815 and 1.5860.
An downtrend can start as soon as the pair drops below support level 1.5550, which will be followed by moving down to support level 1.5430 and then 1.5350.
Resistances: 1.5680, 1.5750, 1.5815, 1.5860
Supports: 1.5635, 1.5550, 1.5430, 1.5350
Resistances: 1.5680, 1.5750, 1.5815, 1.5860
Supports: 1.5635, 1.5550, 1.5430, 1.5350
By
M.Zohaib Gadit
Forex Trading Consultant
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