Main scenarion:
Market is trading in wide sideways trend, between support level 1.3470 and resistance 1.3570. We can expect uptrend development with target on resistance level 1.3520 and then 1.3570, while pair is trading above support level 1.3470.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3470, which will be followed by moving down to support level 1.3425.
S/R levels:
Resistances: 1.3525 (intermediate), 1.3570 main
Supports: 1.3470 (main), 1.3425 (strong)
Market is trading in wide sideways trend, between support level 1.3470 and resistance 1.3570. We can expect uptrend development with target on resistance level 1.3520 and then 1.3570, while pair is trading above support level 1.3470.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3470, which will be followed by moving down to support level 1.3425.
S/R levels:
Resistances: 1.3525 (intermediate), 1.3570 main
Supports: 1.3470 (main), 1.3425 (strong)
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