Morning Report

The pair stabilized above the minor downside channel's resistance - continuous flag pattern - that has currently turned into support around 1.4140, alongside stochastic showing oversold signs. We expect a bullish intraday direction that started its initial targets around 1.4280 then 1.4365. Meanwhile, stability is above 1.4100.

The trading range for today is among the key support at 1.3970 and the key resistance at 1.4365.

The short term trend is to the upside as far as 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 1.4145 targeting 1.4280 and stop loss below 1.4040, might be appropriate.