Short overview:
The price is probably going to form a strong support at 0.9400 (23.6% of Fibonacci retracement levels in the H1 to H4 chart). The saturation is likely to take place around 0.9400. Therefore, it is possible that the market will start showing bullish signs. The daily pivot point is set at the level of 0.9455. In other words, buy deals are recommended above 0.9400 with the first target seen at 0.9500 level and further at 0.9550 level. Therefore, it should be noted that in the point of 0.9550 a strong resistance will be formed as well as in the point of 0.9400 a strong support will be formed.
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