Morning Report

Trading was confined among the support at 1.0100 -supported by the 100 MA and Stochastic- and the resistance for the descending channel at 1.0180; we expect a slight move to the upside though withhold our expectations for adownside intraday move todaytargeting 1.0100 then 1.0045 which require four-hour closing below 1.0200 to prevail.

The trading range for today is among the major support at 1.0000 and the major resistance at 1.0245.

The short term trend is to the downside as far as 1.0780 is intact with targets at 0.9705.

Previous Report

Weekly ReportSupport1.01001.00451.00000.99300.9865Resistance1.02001.02451.03151.03651.0445RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.0180 targeting 1.0045 and stop loss above 1.0245, might be appropriate