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General:
The pair was in a strong downtrend since 2009. At this moment, i think there is a possibility of a lateral trend or an inversion. The inversion is possible because a strong support level (1,5000) which is also a strong psychological level was tested two times.
Expected rate of the pair for 3rd of November : 1,5800
Support: 1,5730 and around 1,5900
Resistance:1,6200
On the weekly chart:
On the weekly chart there is a downtrend shown by the trendline. Even if the price went up in 2-3 days…
The pair was in a strong downtrend since 2009. At this moment, i think there is a possibility of a lateral trend or an inversion. The inversion is possible because a strong support level (1,5000) which is also a strong psychological level was tested two times.
Expected rate of the pair for 3rd of November : 1,5800
Support: 1,5730 and around 1,5900
Resistance:1,6200
On the weekly chart:
On the weekly chart there is a downtrend shown by the trendline. Even if the price went up in 2-3 days…