We expect to break through the level

At the moment, we are seeing on the chart that the price could not overcome the level of 1.1610 and turned around from this level. Our technical indicators currently do not give a clear sell signal. In case the price fails to overcome the level of 1.1610 again, we believe that there will be a reversal and the price will go to the levels of 1.1550 and 1.15.

We advise you to wait for the rebound from the level of 1.1610 or to take long positions, in case of breaking through this level.