The pair has consolidated in the recent weeks and is testing an important support at 0.9262 (medium term bullish channel). Nonetheless, only a break above a short term resistance at 0.9324 would signal a recovery toward 0.9378 then 0.9450 in the short term before the recent top at 0.9568. A break below 0.9262 would instead trigger a bearish signal with a possible return to February low at 0.9021. Buy stop @ 0.9325 – Stoploss @ 0.9261 – Target @ 0.9449.
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Natixis