During the previous week, the pair was unable to breach the previous high at 0.9742 on a closing weekly basis. We are waiting patiently for a new breakout on the higher side in the weekly chart. In case if the price closes above 0.9688 on a weekly closing basis, it can challenge for 0.9800, 0.9840,0.9970, and 1.017. The parallel monthly resistance exists at the 0.9751. We have been recommending the same targets for the last month (see the article from October 06th, 2014). Currently, the pair is trading at a 2-weeks low. 0.9700 is still resistance, but we can say it is a top on closing basis unless we see a close below the 0.9361 level. If not, it can shoot above the 0.9700 levels. Today, the pair was rejected at 0.9600 or 20Dsma and is trying to hold support at 0.9540, below this at 0.9510 or 50Dsma. We recommend buying at the market price of 0.9585, sl 0.9540 with the targets at 0.9600, 0.9615, 0.9625, and 0.9645. Safe buying will be triggered above the 0.9600 levels.
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