The scenario mentioned in the former analyses has been confirmed by the market. The price had exercised 91.00/10-90.90; whereupon it rolled back downward and resides at 90.60/70 now. The indicators’ values still keep high the probability of more efficient rollback downward as for the price just after the exercised resistance. Undoubtedly, the “bears” will level down the trades for another endurance checkup to the support at 89.60/50. Meanwhile, the mid-term level still remains on the probability of the growth continuation; i.e., the renovation of the increase is quite possible out of the current levels already. By the way, the histogram dramatizes in a good way for the traders who explore such an analytical instrument as a divergence – both “bearish” and “bullish”.

Analysis prepared by:

Arkady Nagiev
Forex4you analyst