General outlook for the pair
The pair moved in the last weeks between 1.3500 and 1.5600 , the pair seemed moved in up trend in the last time, the pair is expected to reverse slightly its direction in the next month as it faces strong area around 1.5000.
Expected rate of the pair 1st of October, 12:00 GMT: 1.4444
1.4400 (cluster of broken weekly resistance- current support), 1.4000 (physiological level).
Major Resistance :
1.5000 (physiological level), 1.5600 (weekly top, highest level in 2015).
In the Monthly Chart:
The last monthly close at 1.4374 was so important as it gives more indication about more bullish forces still in the way to give more momentum to current bullish move.
In the Weekly Chart:The expected scenario is drawn below :