Charts: Daily and weekly
Indicators used: 200 SMA (Red) and 60 SMA (Blue), Stochastics, Elliot Waves and S&R Levels

Daily Chart:
60 SMA : Candle bar close price is below the SMA. SMA is falling.
200 SMA : Candle bar close price is below the SMA. SMA is falling.

Weekly Chart:
60 SMA : Candle bar close price is below the SMA. SMA is rising.


Wave Formation:
The pair has probably completed the wave 3 of the 5 emotive downtrend waves and undergoing the wave 4.

Stochastics:
Daily : The main is at around 65 level and about is rising.
Weekly : The main is at around 30 level and is falling.

Important Support & Resistance levels are

18300
17610
17165
16915
16355






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