Morning Report

The pair fulfilled our positive expectations yesterday, yet settled for areas around 1.0255 and then reversed to the downside to currently trade below the bottom of point (C) of the bearish AB=CD harmonic pattern. Nevertheless, the breach of the descending channel's main resistance prevents us from defining the next trend, where we can see technical conflict today. Therefore, we remain neutral in the session.

The trading range for today is among the major support at 0.9910 and the major resistance at 1.0450

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

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Weekly Report

RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations