General:
The pair is in a general downtrend. The last down move started in november 2014. Now, as you can see from the daily chart we have a dayli retracement.
Expected rate of the pair for 1st of May: 8.7850
Support: 8.1500
Resistence: 8.7850
On the weekly chart:
On the weekly chart i pointed out the strong down trend, which started 1 year ago, after breaking the support level around 10.4934.
As you can see from the daily chart there is a weekly up gap, also for this reason i think that the r…
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