Open trading account 
Key price levels : 0.7002 0.7191 0.8000
Weekly Charts pattern : resistance and support lines, W1 Chart.
Weekly Vision
The pair is moving in a bearish dynamics with a possible retracement at the support line at 0.7002. The chart analysis indicates the bearish trend are coherent with the Hidden Markov Models Analysis and the RSI momentum indicator. The chart analysis support the bearish regime.
Daily Vision
The D1 scale indicates that the patttern is in a bearish dynamics. The support zone at 0.7002 can be analyzed as a possibility of retracement in a chart analysis prospective . The pattern can lead to a possible bullish retracement with objective 0.7191.
Forecast evaluation
To give an evaluation of the possible movements of the cross it is utilized the Hidden Markov indicator techniques.
With the combination of the price lines and the stochastic Hidden Markov Processes are indicated two possible forecast value.
- The forecast value in the bullish is valued at 0.7191
- The forecast with the bearish cycle is valued at 0.7002
[url=https://www.dukascopy.com/fxcomm/technical_analysis/?action=blog&nickname=Durden&post_id=101650][/url]
