Morning Report

The pair inclined to reach 1.4517 and then slumped again to trade below point (C) of the bullish Bat harmonic pattern, while a bearish candlesticks' structure is supported by the negativity seen on Stochastic and RSI. ADX is still negative. On the other hand, stability above 1.4300 should keep the harmonic pattern's effect strong. Finally, we will stay neutral today, awaiting more confirmations.

The trading range for today is among the major support at 1.4205 and the major resistance at 1.4565

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

Previous Report

Weekly Report

Support1.43651.43001.42551.42051.4150
Resistance1.44101.44551.44901.45351.4565
RecommendationBased on the charts and explanations above we remain neutral awaiting more confirmations