Morning Report

The daily closing stabilized above pivotal support previously shown at 1.0215, which therefore maintains the suggested scenario yesterday intact. Thus; we see that the expected direction is bullish over an intraday basis that requires a base to be built above 1.0215, whiletheawaited targets start at 1.0335. The stochastic supports these expectations.

The trading range for today is among the key support at 1.0120 and the key resistance at 1.0430.

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

Previous Report Weekly ReportSupport1.02151.01751.01201.00451.0000Resistance1.02401.02851.03351.03901.0430RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.0215 targeting 1.0335 and stop loss below 1.0120, might be appropriate.