The pair made a minor double bottom in the weekly chart at the 0.9023 levels and started trading above a 1-week high. It is trading near the strong resistance zone between 0.9115-0.9130; above this, it can fly up to the 0.9157, 0.9190, 0.9232, and 0.9250 levels in the medium term. On the higher side, the key resistance level existed at 0.9196 (rounded to 0.92). A monthly close above 0.92. Then, only the medium term tuns to positive.
Monthly key resistance is 0.9130.
Medium-term key level is 0.92.
On the down side, it has strong support at 0.9023 and 0.8972. On a weekly closing basis, until the pair trades above 0.8970, the uptrend still continues.
