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General:
The pair is in a downtrend since 2007. It presents a medium level of volatility. The price will go down to test again the 0,7820 level, which is a very important support level also on the weekly chart. Maybe there will be a double bottom before the price invert the trend.
Expected rate of the pair for 1st of December : 0,8048
Support: 0,83189 and 0,81229
Resistance: 0,86360 ( which is also a psychological level)
On the weekly chart:
On the weekly chart the main trend seems to be a down …
The pair is in a downtrend since 2007. It presents a medium level of volatility. The price will go down to test again the 0,7820 level, which is a very important support level also on the weekly chart. Maybe there will be a double bottom before the price invert the trend.
Expected rate of the pair for 1st of December : 0,8048
Support: 0,83189 and 0,81229
Resistance: 0,86360 ( which is also a psychological level)
On the weekly chart:
On the weekly chart the main trend seems to be a down …