• The pair is trading in a range in 2015
  • The top of the range is at 8.93
  • The bottom of the range is at 8.12
  • High volatility in the pair
  • The support in the recent past has been at 8.37

  • The bolinger bands have straightened
  • Expecting range bound trading in the month ahead
  • The Upper band - 8.6843, Middle band 8.54 and lower band 8.41
  • Expecting the price to be close to the upper band
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