Morning Report

The pair stabilized above the retest level 1.3425 and continuing to head towards stochastic to the upside; therefore, we expect a bullish intraday direction to remain valid due to support from the MA 50. Initial targets start at 1.3625, while pointing to the importance of stability above 1.3425 to maintain chances of resuming expectations.

The trading range for today is among the key support at 1.3260 and the key resistance at 1.3700.

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 1.3425 targeting 1.3625 and stop loss below 1.3310, might be appropriate.