General outlook for the pair

The pair moved in the last weeks between 1.0800 and 1.1700 , the pair seemed moved in up trend in the last time, the pair is expected to continue its direction in the next month as it faces strong area around 1.1000

Expected rate of the pair
1st of October, 12:00 GMT: 1.1711

Major support:

1.1000 (Physiological level), 1.0850 ( weekly bottom), 1.0465 (lowest level in 2015).

Major Resistance :

1.1500 (weekly resistance), 1.1700 (weekly top), 1.2000 (Physiological level).

In the Monthly Chart:

The last monthly close at 1.0983 was so important as it gives more indication about more bullish forces still in the way to give more bullish move after consolidation for long time.

Monthly chart

In the Weekly Chart:The expected scenario is drawn below :

Weekly chart
Translate to English Show original