General:
The pair is in a main uptrend but after it hit an important resistence level around 7.4013. For this reason i think the price will have a retracement.
Expected rate of the pair for 2n of January : 7.0977
Resistance: 7.4013
On the weekly chart:
On the weekly chart i pointed out the important resistence level ( the right shoudler of the privious head and shoulders pattern)
On the daily chart:
On the daily chart i used the fibonacci retracement in order to individuate the possible retracem…
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