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General:
The pair is in a main downtrend, this week it had a big retracement thanks to a FED conference. I think that the pair will move slowly down, because of low volatility
Expected rate of the pair for 1st of May: 1.0720
Support: 1.04655
Resistence: 1.1093
On the weekly chart:
On the weekly chart i just pointed out the main downtrend and the support and resistence level of short period.
On the daily chart:
On the daily chart i used fibonaci in order to draw the possible price action till t…
The pair is in a main downtrend, this week it had a big retracement thanks to a FED conference. I think that the pair will move slowly down, because of low volatility
Expected rate of the pair for 1st of May: 1.0720
Support: 1.04655
Resistence: 1.1093
On the weekly chart:
On the weekly chart i just pointed out the main downtrend and the support and resistence level of short period.
On the daily chart:
On the daily chart i used fibonaci in order to draw the possible price action till t…