The combine is commercialism on associate degree downtrend.
An uptrend can begin from terms 1.6125, which can be followed by moving up to resistance level 1.6250 then to 1.6330.
Alternative Analysis:
The downtrend is also expected to continue just in case the market drops below terms 1.6125, which can be followed by reaching terms 1.6040 - 1.6000.
Support and Resistance levels analysis:
Supports: 1.6125 (main), 1.6080, 1.6040, 1.6000 (main)
Resistances: 1.6175, 1.6250 (strong), 1.6330 (strong)
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