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The pair is moving in a narrow range between 150 – 151.50, we expect prices to form a flag pattern and with exceeding the resistance at 151.50 we would see further rising targeting levels of 155. Current support would be at 150 then 148.30.
the pair currently in a downtrend, and we expect that prices to test levels of 1.2365/1.2450 before decline again targeting support levels of 1.2230 then 1.2060.
Currently the pair trying to exceed a resistance level at 1.1985 and if it succeeded in that we would see prices to reach 1.2070 at the upper line of the sideways channel. The failure of exceeding current resistance would push prices down to 1.1914 then 1.1840.
Prices are approaching to 50$ levels and with exceeding this resistance would send prices much higher to 52$ and 55$ in row. Staying below 50$ would maintain the negative outlook for oil prices.
The pair has failed to exceed a resistance level at 110.70, and prices is moving in a narrowing range between 110.30 and 110.70, exceeding any of these levels open the way to determining the direction of the pair.
The pair has fallen breaking the support level at 1.1925 and with breaking this level we would see prices heading further down to 1.1865, we expect that prices to test 1.1925 before declining heading to strong support 1.1820, and as we notice there is a negative divergence on RSI could weakening the pair.
Support levels 1.1865/20
Resistance levels 1.1925/1.20
The pair is approaching to a resistance level of 110.40, we expect that prices to pull back from that level to support level at 109.80/20. Resistance levels would be at 110.40/65/95.
Prices still moving inside an ascending channel since July, current support would be at 1322$, breaking this level would send prices to the bottom line of the channel near to level of 1308$ then bouncing higher to levels of 1345$ and 1365$ at the upper line of the channel.
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