This currency trading instrument is bearish in the
long-term, neutral in the short-term, and it is quite choppy at the present. Price
oscillates between the resistance level at 0.9450 and the support level at
0.9300. Price is thus expected to breach any of these boundaries before the end
of this week.
There is a Bearish Confirmation Pattern in the
market. A breach of the support levels at 0.9350, 0.9300 and finally, 0.9250,
would bring about a bearish outlook on the market. The market is currently
trying to go downwards.