The currency pair is in a downward trend in the Sword Territory below 200 periodic, albeit with a movement over 50 periodic creeping. The "Death Crossing" on 26.02 has a psychological impact.
The price has made an unsuccessful attempt to break the upper trend line and 38.2 Fibonacci as with the accumulation of two resistances we have a potential opportunity to sell in the trend. Demarker has entered the redeemed zone above 0.7.
Aggressive Scenarios: We can go on current levels with a stop moi 0.71830.
Conservative scenarios: We can wait for Demarker to confirm a downward spin with a passage of less than 0.7 in the redeemed zone and wait for a breakthrough with a lock under the blue support zone that currently does not allow the price to continue moving downwards.
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