Morning Report

The pair made several attempts to breach the critical support at 0.9565, shown above on the chart, but the pair is facing difficulties till now, which is supported by oversold signs shown on Stochastic. From here, we expect some sideways fluctuations before attacking the critical support, where a breach of which will open the door for the intraday downside move for today targeting 0.9445, but consolidation below 0.9660 is required for our expectations to remain valid.

The trading range for today is among the major support at 0.9400 and the major resistance at 0.9770.

The short-term trend is to the downside as far as 1.0665 remains intact targeting 0.9000.

Weekly Report

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RecommendationBased on the charts and explanations above our opinion is selling the pair with hourly closing below 0.9565 targeting 0.9400 and stop loss above 0.9665 might be appropriate