This pair is facing major resistance between 0.71 and 0.72. On a monthly chart, its a big confluence of 61.8% Fibbo, horizontal resistance (former support) and both 100 and 55 MMA.



At a weekly chart, the pair is facing additional resistance in the form of 200 WMA and diagonal trend line that kept the price below a coupe of weeks ago.


The price may range a bit between 100WMA and 200 WMA around 61.8%. Don't expect big break of this key resistance area.
Translate to English Show original