Price seems to have found some support at these levels as the month of September comes to an end. We have a slight bias to wards the upside but this months is extremely crucial as to what the entire risk on asset class will do in November and December. A test to around 1.165 is imminent but that level serves as a an important level where bears and bulls will fight for control on the direction.
BULL CASE
Price retests 1.165 finds some resistance, consolidates and breaks up farther.
BEAR CASE
Price finds strong resistance at 1.165 and then reverses to the downside, in this scenario we're looking at 1.15 as the next level of support for this pair.
BULL CASE
Price retests 1.165 finds some resistance, consolidates and breaks up farther.
BEAR CASE
Price finds strong resistance at 1.165 and then reverses to the downside, in this scenario we're looking at 1.15 as the next level of support for this pair.