Monthly chart:
In January, the pair has busted 100 month SMA, 38.2% retracement of 2009 to 2011 uptrend and the low of the 2011 - 2014 trading range around 0.7350. It reversed in February and reclaimed all three levels, closing just above 100 month SMA. Support is now established at 0.7175 with more at 0.70 level and 50.0% retracement (of 2009 to 2011 uptrend) at 0.6868.
Weekly chart:
Having broken down from 0.7600 - 0.8050 range in January, the pair has retraced back up to the low of the broke…
In January, the pair has busted 100 month SMA, 38.2% retracement of 2009 to 2011 uptrend and the low of the 2011 - 2014 trading range around 0.7350. It reversed in February and reclaimed all three levels, closing just above 100 month SMA. Support is now established at 0.7175 with more at 0.70 level and 50.0% retracement (of 2009 to 2011 uptrend) at 0.6868.
Weekly chart:
Having broken down from 0.7600 - 0.8050 range in January, the pair has retraced back up to the low of the broke…