I'm standing neutral on this pair going into the week since the pair sits directly on top of an intra-day resistance level. Stochastic is overbought on both daily and 4H time frames and sitting around the 50 level on most intra-day time frames. Key levels to watch on the south side are the .50 Fib (1.35722) which the pair is currently just above, below that we have an intra day support level at 1.35320 area and then below that sits the daily .382 Fib (1.33113). On the upside theres not much resistance on the radar. We have the .618 Fib (1.38332) which is just above the current level, beyond that we have an intra-day and psychological resistance at 1.39300. Beyond that sits the psychological resistance of 1.40000.
