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