Morning Report

The pair succeeded in achieving yesterday's suggested scenarioperfectly and currently stabilizes below the broken pivotal support at1.3435, which will turn into resistance in intraday trading. The bullish momentum appearing on Stochastic could push to retest the recently broken support, followed by a possible bearish reversal, where the pair can achieve the expected bearish intraday direction for trading; targets start at 1.3335 then 1.3270. Keep in mind the importance of 1.3520 remaining intact to achieve these expectations.

The trading range for today is among the key support at 1.3270 and the key resistance at 1.3520.

The short term trend is to the downside as far as 1.4410 remains intact with targets at 1.2450.

Weekly Report Previous Report

RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.3435 targeting 1.3270 and stop loss above 1.3520, might be appropriate.