Morning Report

The pair is trading near the retest level 1.0265, accompanied by momentum indicators nearing overbought areas; thus making us hold onto our suggested scenarios yesterday as we recommend reviewing them to obtain further details for the expected direction today as well. Keep in mind that building a base below 1.0265 is a vital factor to achieve our intraday expectations.

The trading range for today is among the key support at 1.0040 and the key resistance at 1.0340.

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

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above our opinion is selling the pair around 1.0265 targeting 1.0135 and stop loss above 1.0340, might be appropriate.