The powerful resistance at 1.5350/70 has never allowed lasting the growth at this pair; moreover, the already started rollback downward led the trades into the price segment of 1.5300-1.5200. The trading is carried at 1.5280/90 now. The indicators have lowered firmness as for the continuation of the growth a little and also denote the probability of the continuation of the already started rollback. The support at 1.5200/40 will probably be exercised again. The breakage downward through this obstacle will afford a sound ground for the comeback to the “bearish” tunes in full size and also denote the high probability of the downfall till 1.5120 and also 1.5050 in the shortest time. Meanwhile, until the breakage hasn’t happened still yet the renovation of the increase has good chances, but with the restriction of the increase by the maximums at 1.5370/80 mentioned yesterday.

Analysis prepared by:

Arkady Nagiev
Forex4you analyst