Morning Report

The pair succeeded in achieving yesterday's scenario is flawless and touching the awaited key target around 1.3365, while momentum indicators suffer from overbought areas. This could cause some fluctuation and bearish correctional slant, but slightly to rid of momentum indicators from some negativity before heading towards continuing the expected bullish intraday requiring two facts to resume expectations; the first, a clear breach 1.3365 and the second is stabilizing above 1.3185.

The trading range for today is among the key support at 1.3065 and the key resistance at 1.3325.

The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair around 1.3365 targeting 1.3500 and stop loss below 1.3260, might be appropriate.