On the monthly chart, since last june this pair trade in ranging area with monthly support at 0.8568 and resistance at 0.9578. This could be ranging area for next several months in this year.
closely on daily chart, this currency trade below SMA 200 and RSI indicator show bearish bias. Daily resistance at 0.9062. With bearish bias, this pair will be go south with strong monthly support which hard to break. in my forecast, this pair will be in this ranging area for next couple months.


Translate to English Show original