The pair is moving in a sideways range between 0.7627 and 0.7731,
Prices managed to stay higher than the support level at 0.7807, and we can notice a negative divergence on RSI, so we expect prices to break the support targeting levels of 0.77 then 0.7510.
The pair managed to break a support level at 0.7940, and with staying below this level we would see prices heading to an important support at 0.78 and with breaking it declining would continue targeting levels of 0.75, besides we can notice a negative divergence on daily chart that weakening rising scenario. Stabilizing higher than 0.7940 would cancel declining scenario.
We expect after breaking the bottom line of the symmetrical triangle targeting 0.7960 then 0.7890. current resistance would be at 0.8040.
We can notice that there is a symmetrical triangle forming and with the exceeding of 0.7950, we would see the pair heading to 0.8035. current support would be the bottom line of the triangle at 0.7885.
The pair is trading near the bottom line of a symmetrical triangle at a support level 0.7880, we expect further decline with breaking it down. Current resistance would be at 0.7950m exceeding it would send prices higher to 0.8040.
The pair has bounced higher after retest the broken descending channel, currently is trading between a support at 0.7868 and a resistance at 0.7962. breaking any of these levels would push prices to 0.78 in the way down and to 0.8065/08150 in the way up.
The pair is moving inside the descending channel between the support level at 0.78 near to the bottom line and the resistance at 0.7890 the upper line, we can trade between these levels till the break of any the lines.
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