Morning Report

The pair maintained stability below 1.4150 with the second consecutive daily closing below it, which keeps the downside correction valid. We expect the pair to resume the intraday bearishness targeting 1.3910 that requires stability below 1.4150.

The trading range for today is among the major support at 1.3800 and the major resistance at 1.4235.

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

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Weekly Report

RecommendationBased on the charts and explanations above we recommend selling the pair around 1.4150 targeting 1.3980 and stop loss above 1.4235 might be appropriate