General:
The pair is in a main downtrend from several years. But the price is near a very important support level, around 6.140. From which i think that we can see a retracement.
Expected rate of the pair for 2nd of March: 6.2500
Support: 6.1400;
Resistence: 6.601
On the weekly chart:
On the weekly chart i just wanted to show you the force of this downtrend in these weeks. For this reason, MAYBE, the price is giving his last "hits" for the downtrend, but you never know how much it will continue…
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