General:
The pair is in a main downtrend from 2009, with the nearest weekly high at the beggining of 2013 , when the double top pattern formed.
Expected rate of the pair for 2nd of March: 0.7127
Support: 0.7127; 0.7300
Resistence: 0.7760
On the weekly chart:
On the weekly chart i pointed out the main downtrend. As you can see the price break the old support leve around 0.7760 which now became a resistence level. And also the next support level around 0.7300 which , i think, the price will pass…
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