The pair respected yesterday's scenario and currently attacking the gateway to officially return to the upside direction, which represents the resistance level appearing above around 1.3850. The negativity on momentum indicators could cause a slight bearish correction before resuming the expected bullish intraday direction, targeting stability above 1.4000. Areas of 1.3760 must hold for our expectations to prevail.
The trading range for today is among the key support at 1.3730 and the key resistance at 1.4050.
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.
|Recommendation||Based on the charts and explanations above our opinion is buying the pair around 1.3760 targeting 1.3960 and stop loss below 1.3665, might be appropriate.|