Morning Report

Sharp fluctuations and volatility invalidated the intraday move we were expecting yesterday, while the pair continues to fluctuate among this range bound limited by 0.9950 from the upside and 0.9860 from the downside. Accordingly we prefer to remain neutral this morning.

The trading range for the day is expected among the key support at 0.9840 and the key resistance at 1.0080.

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

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Weekly Report

RecommendationBased on the charts and explanations above, we recommend staying aside awaiting further confirmations