Morning Report

The pair is unable to take a clear upside trend, but we can see that it is stable above the downside trend's critical resistance levels, which turned into support. Stochastic is providing a positive crossover signaling that 0.9545 level is capable of pushing the pair to the upside once again. Consolidating above 0.9440 is required for our positive expectations to prevail.

The trading range for this week 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.

Previous Report

Weekly Report

Support0.95450.95000.94400.94000.9350
Resistance0.96000.96250.96800.97000.9770
RecommendationBased on the charts and explanations above our opinion is buying the pair with around 0.9545 targeting 0.9770 and stop loss below 0.9400 might be appropriate