Morning Report

The pair is still hovering around the support for the main ascending channel, with the fluctuations around buying areas for the channel as shown above. Momentum indicators are still positive and accordingly we hold onto our positive intraday expectations for today targeting initially 1.4455 then 1.4545. Our expectations require stability above 1.4295.

The trading range for today is among the major support at 1.4150 and the major resistance at 1.4545.

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 with hourly closing above 1.4340 targeting 1.4455 and stop loss below 1.4265 might be appropriate today