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General:
The pair is in a general strong up trend but , as you can see from the daily /weekly chart we are near an doubl top formation, from which i expect a retracement.
Expected rate of the pair for 1st of April: 6.3757
Support: 6.3757
Resistence: 6.6962
On the weekly chart:
On the weekly chart i just pointed out the main up trend and the double top formation
On the daily chart:
On the daily chart i draw the possible scenario using fibonacci retracements
The pair is in a general strong up trend but , as you can see from the daily /weekly chart we are near an doubl top formation, from which i expect a retracement.
Expected rate of the pair for 1st of April: 6.3757
Support: 6.3757
Resistence: 6.6962
On the weekly chart:
On the weekly chart i just pointed out the main up trend and the double top formation
On the daily chart:
On the daily chart i draw the possible scenario using fibonacci retracements