Morning Report

The pair ended yesterday below 1.4325 areas, which keeps the suggested weekly scenario valid supported by the negativity on Stochastic. On the other hand, today's opening was noticeably positive as the breach of the retest areas at 1.4325 completed a possible bullish pattern that might extend the upside move and signals that the pair settled for the seen correction for now. This conflict makes us remain neutral today observing the closing around the critical retest levels mentioned.

The trading range for today is among the major support at 1.4155 and the major resistance at 1.4500.

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 observing trading today awaiting more confirmations