Price is trading in the comfort zone, below the day balance level of 1.1547. Price has reached the main target of 1.1525, after which a corrective upward move is needed to further deepen the impulse. The current day balance level is an excellent entry point for selling. The trend strength indicator indicates selling at 73.3%. A strong resistance level for price is around 1.1565. Active selling and decline from current levels are not excluded. A continuation of corrective price decline is expected. An alternative growth scenario is considered if price consolidates above the 1.1565 level. Maximum profit is located around 1.1610. DS 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 below the daily balance level of 78975. The price has been testing the medium-term support level around 77063 for a month. A break of this level will give a chance for a deeper downward correction, down to 72900. There is a chance for a resumption of momentum and growth up to the reversal at 80900. An excellent entry point for selling is the impulse balance in the area of 78370. Compression and slow decline can also cause a strong downward impulse for the pair. An upward correction with prospects for medium-term decline is expected. DS parameters on the buyer side are 14% of the week and 14% of the month.
Price is trading in the comfort zone, below the daily balance level of 29175. A downward pattern has formed with a target at 28800. An active resistance level and an excellent entry point are located in the 29100 balance area. Medium-term momentum support is located in the 28800 area, where it is profitable to buy the asset short-term. A chance for growth from current levels is not excluded. Corrective growth is possible after achieving the intermediate target of 29372. Active resistance for the price is located around 29343. An alternative scenario is not considered at this stage. The auxiliary model has potential for deeper decline. Maximum profit is around 29400. DS parameters on the buyer side are 14% for the month and 11% for the week.
