There is key resistance level
at 0.99200, where there is channel resistance, and resistance at the high of 16 march 2016 at 0.99135. Since this pair of currency has rally about 4780 pips from 3 to 19 May 2016 of almost 2 weeks time without a significant retracement, we could predict it will undergo a retracement towards support near 0.97910 (where there is resistance being tested 2 times and broken, hence becoming a support level
, and also FIBO 38.2 just below it).
SELL AT 0.99200 UPON BEARISH
SL : 0.99650 OR WHEN THE BEARISH
REVERSAL POINT IS BROKEN BY A STRONG BULLISH
TP 1: NEAR 0.97910
TP2 : NEAR 0.96813