Morning Report

The pair succeeded in stabilizing above the focal support yesterday that ascended now to 1.4455, after the SMA 50 prevented the pair from further bearishness. Therefore, we expect the intraday bullishness to prevail today yet we might witness some volatility due to the negativity on Stochastic. Stability above 1.4455-1.4390 is required for our expectations to prevail.

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

Support1.44551.43901.43651.43451.4280
Resistance1.45001.45801.46251.47251.4800
RecommendationBased on the charts and explanations above we recommend buying the pair around 1.4455 targeting 1.4625 and stop loss below 1.4345 might be appropriate