In the Daily chart, after price got rejected by the descending trend line on the second touch, has been pushed to the downside and is moving down towards the ascending trend line to retest it one more time.
We have two support levels here: one of them is a dynamic level (the ascending trend line) and the other one is a static level (support level 2).
I expect a fall in this pair around 0.7070 which we can consider it as a retest of the trend line, then if price gets rejected by this support level, we might see a rise towards the descending trend line and in the case of a downside push by this resistance level, price may fall again and even breaks the ascending trend line to the downside and falls to the support level 2 which can be around 0.68
Bullish Scenario: If the descending trend line (resistance level) broken out to the upside, we can expect a rise in price around 0.745
We have two support levels here: one of them is a dynamic level (the ascending trend line) and the other one is a static level (support level 2).
I expect a fall in this pair around 0.7070 which we can consider it as a retest of the trend line, then if price gets rejected by this support level, we might see a rise towards the descending trend line and in the case of a downside push by this resistance level, price may fall again and even breaks the ascending trend line to the downside and falls to the support level 2 which can be around 0.68
Bullish Scenario: If the descending trend line (resistance level) broken out to the upside, we can expect a rise in price around 0.745
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