Morning Report

The pair was able to continue the upside trend breaching the awaited target at 1.4150 to consolidate above 1.4200, we still expect the intraday upside move to extend for today. The main target is reaching the downside correction channel's resistance at 1.4455, supported by Stochastic turning positive. Consolidation above 1.4150 is required for our expectations to remain valid.

The trading range for today is among the major support at 1.4090 and the major resistance at 1.4455.

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

Weekly Report

Previous Report

Support1.41501.40901.40101.39701.3915
Resistance1.42151.42851.43351.43951.4455
RecommendationBased on the charts and explanations above we recommend buying the pair around 1.4150 targeting 1.4285 and stop loss below 1.4090 might be appropriate today