Morning Report

The pair was not able to breach pivotal resistance 1.3515 will return and help testing 1.3400. Momentum indicators are showing positive signs which encourage us tokeep expectations of a bullish intraday trend; targets start at 1.3500 then 1.3590. It is vital that 1.3360 remains intact for expectations to prevail.

The trading range for today is among the key support at 1.3295 and the key resistance at 1.3590.

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

Previous Report Weekly ReportSupport1.34001.33601.33351.32951.3240Resistance1.35001.35901.36351.36651.3700RecommendationBased on the charts and explanations above our opinion is buying the pair with the breach of 1.3400 targeting 1.3500 and stop loss below 1.3360, might be appropriate.