Direction
|
Period
|
Expected price dynamics
|
Price movement corridor
|
↑↓
|
1 day
|
≈105 pips
|
Max. 0.8160
Min. 0.7860
|
If the price holds above 0.8000, the uptrend is likely to continue its move up with a target set at a strong resistance level of 0.8105.
Alternative forecast
Should the price breach the support level of 0.8000, this may start a short-term correction, which will be possible after the pair forms a reversal at around 0.8000. In this case, a potential target for the bearish move will be set at 0.7910 – 0.7910.
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