Midday Report

As we mentioned in our technical messages, the pair succeeded in breaching the key resistance levels of 0.8295, proving the efficiency of the captured positive divergence on the hourly interval. Henceforth, we hold onto our morning anticipations for the rest of the day, supported by our suggested Elliott count.

The trading range for today is among the key support at 0.8210 and key resistance now at 0.8420.

The general trend over short term basis is to the downside, targeting 0.7780 as far as areas of 0.8965 remain intact.

Weekly Report Morning Report

Support0.82950.82450.82100.81800.8140Resistance0.83550.83800.84000.84200.8460RecommendationOur morning expectations remain valid.