General:
The pair is in a strong downtrend since 2011. But the supoport level , around 1.0444 has been reaches, for this reason i expect a solid retracement, which has just begun.
Expected rate of the pair for 2nd of March: 1.0935
Support: 1.0630; 1.0444
Resistence: 1.0765; 1.0935
On the weekly chart:
On the weekly chart i pointed out the support level around 1.0444 and also the support level around 1.0630 which has been broked by the price.
On the daily chart:
On the daily chart , as i draw o…
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