General:
The pair one month ago reached a very important resistence level, from which it started a retracement.
Expected rate of the pair for 2nd of March: 8.0881
Support: 8.0881; 8.2008; 8.5442
Resistence:
On the weekly chart:
On the weekly chart you can see that the price break the previous resistence level around 8.5442 which now can become :
- A support level from which the price will go back up
- A support level which will not affect the retracement of the trend.
I think that it wont
On…
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