Midday Report

The royal pair inclined sharply from the awaited support levels around 0.8175 as we discussed this morning. Thus, the bullish scenario was activated successfully and we still believe that additional positive actions are underway as Stochastic over daily basisis still giving off bullish signs.

The trading range for today is among the key support at 0.8060 and key resistance now at 0.8355.

The general trend over short term basis is to the downside targeting 0.7780 as far as areas of0.8965remain intact.

Weekly Report Morning Report

Support0.82300.82000.81800.81400.8100Resistance0.82550.82750.83150.83550.8380RecommendationOur morning expectations remain valid.