Morning Report

The pair has currently touched support for the bullish channel around 1.0395, accompanied by momentum indicators moving within oversold areas; therefore, the pair will start a bullish intraday direction as its targets start at 1.0500 - 1.0540 and requires stability above 1.0340 to prevail.

The trading range for today is among the key support at 1.0255 and the key resistance at 1.0635.

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

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Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair around 1.0395 targeting 1.0500 and stop loss below 1.0340, might be appropriate.