General outlook for the pair

The pair moved in the last weeks between 2.0900 and 2.2400 , the pair seemed moved in range in the last time, the pair is expected to reverse its last bullish direction in the next month as it faces strong area around 2.1600-2.2000.

Expected rate of the pair
1st of October, 12:00 GMT: 2.0025

Major support:

2.0900 (weekly support), 1.9700 (broken weekly resistance-current support).

Major Resistance :

2.1600 (weekly resistance), 2.2400 (weekly top, highest level in 2015).

In the Monthly Chart:

The last monthly close at 2.1384 was so important as it gives more indication about more bullish forces still in the way to give more momentum to current bullish move.


Monthly chart


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


Weekly chart
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