General outlook for the pair
The pair moved in the last weeks between 0.6950 and 0.7400 , 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 0.7200 which will push pair more higher. Expected rate of the pair 1st of October, 12:00 GMT: 0.7780 Major support: 0.7200 (weekly resistance), 0.7000 (physiological level), 0.6950 (weekly bottom, lowest in 2015).
Major Resistance : 0.7400 (cluster of weekly tops and resistance), 0.7800 (broken weekly support), 0.8000 (physiological level). In the Monthly Chart:
The last monthly close at 0.7030 was so important as it gives more indication about more bullish still in the way to give more momentum to bullish move after long time time consolidation without breaking 0.7000 lower.
Monthly chartIn the Weekly Chart: The expected scenario is drawn below :