The pair successfully breached the 200WEma and is trading above that. On the upper side, it has resistance at 0.9456 above this, it can fly up to 0.9534. On the down side, it has support at 0.93. If a weekly close is above 0.94, we can expect a short-term rally. This is a danger zone trading at 200DEma. In the weekly chart, the pair was rejected multiple times to close above the level of 200WEma. We are further bullish only if the pair closes above 0.94 on a weekly basis. If not, we can expect some correction next week.
Intraday traders can buy only above 0.9456. The prices are closed and the pair is trading above the key hourly moving averages. The pair has support at 0.9380 and 0.9350. Safe sell will be possible below 0.9350, buy only above 0.9435, safe buy above 0.9456
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