Morning Report

The pair attempted to reach the focal support at 1.3590 twice,with ongoing negative signals over a four-hour basis. We expect yesterday's scenario to prevail with consolidation over the mentioned support, followed by the expected upside reversal for today targeting 1.3700 and 1.3800; the expected bullish move requires 1.3500 to remain intact.

The trading range for today is among the major support at 1.3500 and the major resistance at 1.3800.

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

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Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.3590 targeting 1.3700 and stop loss below 1.3500, might be appropriate