Monthly forecast, November - December
Main situation:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.6110, which will be followed by reaching support level 1.5700 and 1.5525.
Alternative situation:
An uptrend will start as soon, as the pair rises above resistance level 1.6110, which will be followed by moving up to resistance level 1.6280 and then to 1.6720
thanks, dew
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