General outlook for the pair
The pair moved in the last weeks between 1.4700 and 1.6600 , the pair seemed moved in up trend in the last time, the pair is expected to reverse its direction in the next month as it faces strong area around 1.5800-1.6000.
Expected rate of the pair 1st of October, 12:00 GMT: 1.4764
1.5300 (broken weekly resistance), 1.4700 (cluster of weekly support and bottoms).
Major Resistance :
1.5800-1.6000 (weekly top), 1.6600 (highest level in 2015, weekly top).
In the Monthly Chart:
The last monthly close at 1.5033 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 chartIn the Weekly Chart:The expected scenario is drawn below :