Morning Report

The pair continues to trade within the minor ascending channel shown above, while Stochastic provided negative signals that might push the pair towards 1.4560 before resuming the intraday upside move for today targeting 1.4880. EMA 50 supports the upside move and requires stability above 1.4560.

The trading range for today is among the major support at 1.4455 and the major resistance at 1.4800.

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 buying the pair around 1.4560 targeting 1.4725 and stop loss below 1.4455 might be appropriate