The price is trading in a comfortable zone, below the daily balance level of 1.1596. The price has formed an active absorption pattern and created a new bearish model, with the main target at the 1.1554 level. The current daily balance level is an excellent entry point for selling and strengthening the downtrend down to 1.1531. The trend strength indicator indicates selling activity at 83.3%. A strong resistance level for the price is around 1.1623. A possible upward impulse correction from the 1.1550 level is expected. Continued corrective price decline is anticipated. An alternative growth scenario is considered if the price consolidates above the 1.1590 level. Maximum profit is located around 1.1610. Stop-loss parameters on the buyer side are 14% for the week and 10% for the month. The main scenario for the current day is selling the pair.
The price is trading in the comfort zone above the daily balance level of 77218. The price has been testing the medium-term support level around 77063 for a month now. The level has not been broken yet. There is a chance for the momentum to resume and grow to the reversal point at 80900. The current balance level, in synergy with medium-term support, provides a more confident level for buyers. The current daily balance level is a good entry point for buying with low risk. An upward correction is expected for active medium-term growth. D&S parameters are on the buyer side, at 18% of the week and 15% of the month.
Price is trading in the comfort zone, below the daily balance level of 29111. A downward pattern has formed with a target at 28691. This is an active resistance level and also an excellent entry point in the 29100 balance area. The medium-term scenario is changing to a downward priority. A decline from current levels is not excluded. Corrective growth is possible after the intermediate target of 28691 is realized. Active resistance for the price is located around 29343. An alternative scenario is considered only after a breakout of 29111. The auxiliary model has potential for deeper correction. Maximum profit is around 29400. DS parameters on the buyer side are 16% for the month and 12% for the week.
