Forex

On the hour chart descending trend remains, but in the circumstances it is better to refrain from new orders opening.

Why?

It is impossible - to buy against a trend it is not worked.

To sell from current levels it would not be desirable.

MACD has generated divergence that speaks about possible correction after which already and it will be possible to reflect on sales under more expensive price.

Resistance levels: 1.4770 1.4800/10, 1.4840/50, 1.4870 1.4900/10, 1.4950, 1.4970, 1.5000

Current price: 1.4749

Support levels: 1.4740 1.4710/00, 1.4670, 1.4650 1.4610/00, 1.4580 1.4560/50, 1.4520/00