Morning Report

The pair continues to trade within a tight range and stable above the main support at 1.0185 and that keeps chances for the intraday upside move today valid, targeting areas from 1.0360, breaching the mentioned support will reverse the intraday move to the downside targeting 1.0000 psychological areas.

The trading range for today is among the major support at 1.0070 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 recommend buying the pair around 1.0185 targeting 1.0275 and 1.0365 and stop loss with four-hour closing below 1.0070 might be appropriate