The pair resumed to steadily escalate since the 21st of August, 2015 from as low as 1.3048 to as high as 1.3289, a major resistance zone.
The latest bullish pressures seem to have slowed down at 1.3289, and in the scenario where the pair retraces to the downside and breaks below the 1.3234 zone it could drop to 1.3170 and 1.3124 respectively.
Alternatively, in the event where the price breaks above the 1.3289 level, the uptrend pressures could lead the pair as high as 1.3371.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.