The pair gets restriction at 200WEma and 61.8 fib level. A fresh, strong up move will flare above 0.94 towards the 0.9456, 0.9534, and 0.9611 levels. In the medium term, 0.94 is the strong resistance level and the trend decider level. In the daily chart, the momentum oscillators indicating bears will drive the pair up to the 0.9280 and 0.9180 levels in the near term. This view is valid until the pair closes below the 0.9360 levels. For August, 0.9175 was strong support. The medium will turn to bearish again, if the pair hits 0.9175. The monthly RSI and Stochastics are indicating a bullish move.
For an intraday view, the prices are closed and trading below35DEMA and 12ema represents bearish views for an hour and intrady basis. The pair has support at 0.9315, below this bears prompt the pair to make 0.93, 0.9286, and 0.9280. The panic will trigger below 0.9280 towards the 0.9255 and 0.9216 levels. On the down side, 0.9175 is the key trend level in the near term and 0.94 is the strong resistance level.
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