Morning Report

The pair continued trading within the minor ascending channel, with resistanceof the MA 50 level . Momentum indicators are showing positive signs that make us expect a possible bullish intraday direction; targeting 1.3920 initially and requires trading to remain above 1.3745.

The trading range for today is among the key support at 1.3550 and the key resistance at 1.4000.

The general trend is to the upside as far as 1.3480 remains intact with targets at 1.6000.

Previous Report Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair with the breach of 1.3810 targeting 1.3920 and stop loss below 1.3745, might be appropriate.