Main situation:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.7040, which will be followed by reaching support level 1.6720 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.6320.
Alternative situation:
An uptrend will start as soon, as the pair rises above resistance level 1.7200, which will be followed by moving up to resistance level 1.7500.
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.7040, which will be followed by reaching support level 1.6720 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.6320.
Alternative situation:
An uptrend will start as soon, as the pair rises above resistance level 1.7200, which will be followed by moving up to resistance level 1.7500.
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