Morning Report

Our suggested bullish Crab harmonic pattern is still valid until now, where as we mentioned yesterday, the pair rebounded from levels around 1.3160, which completed the harmonic pattern after the bearish wave was ended. Momentum indicators are within oversold areas, which supports the possibility of an upside movement soon. But, consolidation above 1.3080 is required for our positivity to prevail.

The trading range for today is among the major support at 1.3000 and the major resistance at 1.3575.

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

Previous Report

Weekly Report

Support1.31601.31101.30801.30301.3000
Resistance1.32201.32801.33051.33951.3435
RecommendationBased on the charts and explanations above, we recommend buying the pair around 1.3160, and take profit in stages at (1.3280 and 1.3355) and stop loss with 4-hour closing below 1.3080.