The support at 0.9110/00 mentioned above as a key one on the way downward hasn’t allowed the trades to fix lower under the current circumstances and also instigated the comeback to the growth, while shutting out the predictions concerning the shaping of the “double picks” at this very instrument. The price broke through the former maximum at 0.9190 and resides already at 0.9220/25 up to now. The indicators’ values maintain their preferences of the increase. However, with the probability of the divergence’ formation there again, MACD encourages the anxieties that the continuation of the growth may be little. It’s obviously possible to presume that the “bulls” will be able to push up the trading till 0.9250/60 still yet; and the rollback downward will start thereof already, possibly to 0.9160 or even till 0.9100.
Analysis prepared by:
Arkady Nagiev
Forex4you analyst