General outlook for the pair

The pair moved in the last weeks between 0000 and 0000 , the pair seemed moved in up down range trend in the last time, the pair is expected to continue – pause – reverse its direction in the next month as it faces strong area around .

Expected rate of the pair 1st of October, 12:00 GMT: 0.9962

Major support:

09350 (cluster of weekly support and bottoms), 0.9165 (lowest level since 7/2013).

Major Resistance :

0.9750 (cluster of weekly resistance & tops), 1.0085 (weekly top, broken weekly support).

In the Monthly Chart:

The last monthly close at 0.9556 was not important as it did not give any indication about next pair move because closing inside a range is senseless for both pair bulls and pairs.


Monthly chart


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


Weekly chart
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