Schedule "XO" step of 0.50%:
On the senior chart, we observe an exclusively downward trend.
The pair is trading in an upward wave of the downtrend, which is due to overcoming the resistance level of 1.264.
The relative strength index is in the column "O", which indicates the strength of the sellers.
It can be seen that the pair came close to the resistance of 1.31, where the main line of the downtrend passes and where the resumption of the downward movement is expected.
At the moment, the pair is at the most profitable level for sales.
The initial target for sellers will be the mark of 1.26, when approaching it it is recommended to close 1/2 of the total volume of short positions.
The main goal will be a support zone in the area of 1.21.
The point of the protective suspension will be the maximum of 1.317, the overcoming of which will finally change the trend to a downward trend.
Trading recommendations:
Only sales are recommended.
