General outlook for the pair:

  • The pair moved in the last weeks between 1.7200 and 1.6600.
  • The pair is expected to move in the next month between 1.6600 and 1.7200 as it faces clusters of daily/weekly tops and bottoms.

Expected rate of the pair 1st of October, 12:00 GMT: 1.7043

Major support and resistance:
In the monthly chart:

In the weekly chart:

Pair recent direction : Pair moving Down

Different Scenarios for the Pair:

  • Bullish scenario: Bulls will be in control, if pair can break up and clearly close above 1.6850, for at least 2 days.
  • Bearish scenario : Bears will be in control, if pair can break down and Clearly close below 1.6600, for at least 2 days.

Expected market sentiment: Expected scenario for the pair is the bullish/ bearish scenario as seen in chart below:
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