Morning Report

The pair succeeded in achieving the bullish technical pattern's targets, shown in our reports yesterday, where trading stabilized above support for the previously breached ascending channel. The stochastic is still showing positive signs that make us expect a bullish intraday direction that will build a base on support 1.0685 and head towards 1.0865. The breach of 1.0665 will weaken chances of achieving the expected incline.

The trading range for today is among the key support at 1.0620 and the key resistance at 1.0865.

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0000.

Weekly Report Previous Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.0685 targeting 1.0750 and stop loss below 1.0620, might be appropriate.