Normal
Forecast weekly, 02/14–02/18The pair is trading along a downtrend. We can expect the downtrend to continue upon the pair gets under support level 1.6000, which will be followed by moving down to support 1.5825, on the way to which level 1.5930 will serve as an intermediate support. As soon as support 1.5825 will be reached, a probability of correction towards resistance 1.6000 will emerge. But if it eventually gets under support 1.5825, we will expect the downside momentum to grow stronger and the pair to reach support 1.5590.An uptrend will start upon the pair rises above resistance level 1.6105, which will be followed by moving up to resistance levels 1.6185, then to 1.6265, and finally to1.6445.
Forecast weekly, 02/14–02/18
The pair is trading along a downtrend. We can expect the downtrend to continue upon the pair gets under support level 1.6000, which will be followed by moving down to support 1.5825, on the way to which level 1.5930 will serve as an intermediate support. As soon as support 1.5825 will be reached, a probability of correction towards resistance 1.6000 will emerge. But if it eventually gets under support 1.5825, we will expect the downside momentum to grow stronger and the pair to reach support 1.5590.
An uptrend will start upon the pair rises above resistance level 1.6105, which will be followed by moving up to resistance levels 1.6185, then to 1.6265, and finally to1.6445.
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