The 0.707 level has been a strong resistance to this currency pair. The recent candle sticks are showing the price touching that resistance level and bouncing off. Looking for the opportunity to short.
The price moved up sharply last week and approached a critical zone. It might move side ways for few days here. My prediction is that the price will likely move up as the FED may raise interest rate in Dec.
The price is approaching the demand zone between 0.98 and 0.99. My prediction is that the price will consolidate in this zone before the next move. If the price breaks to the downside then the next critical level shall be 0.965 and price may re-bounce from this level.