On the four-hour chart, it can be observed that there is an active downward movement, where the quotation has reached the range of the support level at 1.3250 (1.3220 / 1.3285). This continues to swing within the range with a bit of volatility. It can be estimated that the current consolidation will abound in the near future, the price is expected to reach 1.3350 - 1.3390.
Key Levels
Resistance zones are 1.3400; 1.3600.
Support zones are 1.3250; 1.3150 * 1.3000; 1.2770.
* Periodic level
Signals
- It is recommended to buy the pair at a price higher than 1.3300, with the prospect of a moving towards 1.3350 -1.3390.
- It is recommended to sell the pair after a clear fixation of the price below 1.3220, with the prospect of moving towards 1.3150.
Draw your attention: Predictions are not a direct action to action!
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