The pair kicked off trading this week positively and stable above the second target of the bullish Harmonic AB=CD Pattern which might support the move toward extended targets at 0.9320 levels and maybe 0.9350 levels. Breaching the latter might push the pair to the upside. Overbought signals might cause heavy fluctuation and downside correction, but trading above 0.9155 levels will be considered positive this week.
The trading range for this week is among key support at 0.9080 and key resistance at 0.9465.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9235 0.9200 0.9155 0.9100 0.9080
Resistance 0.9320 0.9350 0.9395 0.9425 0.9465
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9235 targeting 0.9320, 0.9350 then 0.9465 and stop-loss with four-hour closing below 0.9155 might be appropriate this week