Morning Report

The pair continues to hover around the focal support areas of 1.4445 with a daily closing above this level yesterday. Therefore, we expect an intraday upside move today supported by the positive signs on Stochastic. The SMA 50 supports the bullishness which requires stability above the mentioned support to ensure targets are not delayed.

The trading range for today is among the major support at 1.4300 and the major resistance at 1.4725.

The short term trend is to the upside with steady daily closing above 1.2795 targeting 1.5135.

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above we recommend buying the pair around 1.4445 targeting 1.4625 and stop loss below 1.4345 might be appropriate