General:
The pair , on the daily chart, in a downtrend, wchich, i think will continue.
Expected rate of the pair for 2nd of March: 90.7300
Support: 90.730; 92.930;
Resistence: 96.222; 99.607
On the weekly chart:
On the weekly chart it's possible to identify the head and shoulder pattern in action, which is a stron indicator for the bearish market.
On the daily chart:
For the reason i described above, i think that the price will move down till my target.
The pair , on the daily chart, in a downtrend, wchich, i think will continue.
Expected rate of the pair for 2nd of March: 90.7300
Support: 90.730; 92.930;
Resistence: 96.222; 99.607
On the weekly chart:
On the weekly chart it's possible to identify the head and shoulder pattern in action, which is a stron indicator for the bearish market.
On the daily chart:
For the reason i described above, i think that the price will move down till my target.