The pair is trying to stay above the critical
levels of the price near 1.1511 without succeeding in breaking the first
resistance levels, the pair is heavily affected by the absence of economic data
this week and do not expect violent movements on the pair
Main support levels 1.1500 1.1460
Main resistance levels 1.15460 1.1560
Position for the pair: The pair is trading under
100-day average and trying to stay above 26 and 12 levels
The MACD: The pair is now crossing zero line,
which makes it likely to break through to the top
Expected scenario: The pair rose from the
current levels towards 1.1560 during this week to reach 1.18 levels during the
rest of this month
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