Morning Report

The pivotal support around 0.9965 is still providing the pair with a good support as seen on the provided four-hour chart. The struggle around the middle line of the descending channel that dominated the movements from 1.0285 zones continues fixing RSI 14. But, the sign on AROON-trend indicator- isn't clear reinforcing the technical prospect of staying aside over intraday basis. Ultimately, a break of 1.0000 will give a reason for achieving a bullish recovery and taking 0.9900 will be a negative indication for the pair's buyers.

The trading range for today is expected among the major support at 0.9830 and the major resistance at 1.0175.

The short term trend is to the upside targeting 1.0650 with steady daily closing above 0.9900.

Previous Report

Weekly Report

Support0.99650.99250.99000.98700.9830
Resistance1.00001.00501.00751.01001.0140
RecommendationBased on the charts and explanations above our opinion is, staying aside until an actionable set up presents itself to pinpoint the upcoming big move.