Monthly chart:
The pair is in a steady downtrend. After retesting 50.0% retracement (of the October 2008 to July 2011 rally) from below, it continued south and is nearing the support cluster, consisting of May 2010 low (0.8066), 0.80 level and 61.8% retracement.
Weekly chart:
After strong decline in September 2014, price has consolidated in October 2014 and for most of November 2014. In the remainder of the year the pair lost another four cents and it is going into year-end near lows. As with m…
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