By ForexMansion.com

This pair has found support yet again at the 1.0000 level, and is certainly a buy only pair at this point. This is mainly because of the supportive nature of 1.0000 and how is has been so strong for support.

The triangle is still intact, and 1.02 seems to be the key level to watch for bullish trades at the moment. A break of 1.02 sends us to 1.09 eventually, and a break of 1.0000 will find far too many places for support underneath to get involved with.