Morning Report

The pair is moving within a very narrow range that has not changed the harmonic pattern expectations suggested yesterday; thus making us hold onto yesterday's expectations intact without any change as we recommend reviewing the report for more details. In addition, the stochastic is showing a bearish reversal that insures expectations.

The trading range for today is among the key support at 1.0110 and the key resistance at 1.0440.

The short term trend is to the upside as far as 0.9925 remains intact with targets at 1.1485.

Previous Report

Weekly Report

Support1.03401.02801.01951.01351.0110Resistance1.03801.04601.04951.05201.0575RecommendationBased on the charts and explanations above our opinion is selling the pair around 1.0360 targeting 1.0195 and stop loss above 1.0465, might be appropriate.