The pair has aggressively dropped since the 6th of August, 2015 from as high as 1.5634 to as low as 1.5465, the one of today’s two major zones and a strong bearish level as well.
The buyers seem to have lately regained some momentum on the pair and in the scenario where the price breaks above the 1.5525 level it could escalate as high as 1.5634 and 1.5738 respectively.
In contrast, in the event where the pair breaks below the 1.5465 zone, the price could decelerate as low as 1.5347.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.