Morning Report

The euro succeeded in breaching the critical resistance mentioned yesterday near 1.4440 activating the bullish pattern shown above. The pair is currently trading around the resistance for the descending channel at 1.4535, and overall we expect the pair to resume the intraday bullishness today which requires the clear breach of 1.4535 and stability above 1.4440.

The trading range for today is among the major support at 1.4235 and the major resistance at 1.4695.

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 1.4440 targeting 1.4455 and 1.4585 and stop loss with below 1.4325 might be appropriate