Morning Report

The pair is hovering around the pivotal level of 1.0000. We can see hoe the trading is trapped within a very narrow range when we look at the provided graph. Consequently, our yesterday's scenario remains intact and we recommend reviewing it for more details about the awaited technical targets.

The trading range for today is among the key support at 0.9815 and the key resistance at 1.0155.

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

Previous Report

Weekly Report

Support0.99250.98750.98150.97500.9700
Resistance1.00001.00751.01251.01551.0245
RecommendationBased on the charts and explanations above our opinion is selling the pair around 1.0000 targeting 0.9815 and stop loss above 1.0125, might be appropriate.