A moderate optimism
Our pair was able to overcome the next level of resistance and at the moment we are expecting a psychological mark.
The level of volatility is low for now and we see a slow but steady growth. We believe that in case of overcoming the 7.000 mark, the price will move closer to the mark of 7.400. We assume that the level of resistance will be the 7.100 mark near which the price may be stuck.
Therefore, we recommend looking for points to enter long positions in case of fixing the price above the mark of 7.000. Otherwise, the price will go to a correction near the level of 6.800
The level of volatility is low for now and we see a slow but steady growth. We believe that in case of overcoming the 7.000 mark, the price will move closer to the mark of 7.400. We assume that the level of resistance will be the 7.100 mark near which the price may be stuck.
Therefore, we recommend looking for points to enter long positions in case of fixing the price above the mark of 7.000. Otherwise, the price will go to a correction near the level of 6.800
Penafian
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