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