Midday Report


The royal pair is preparing to breach the key resistance level of 0.9000 on its second technical attempt as we mentioned in our technical messages. Hence, we keep the potential upside expectation over intraday basis, according to our suggested count as far as 0.8820 areas remains intact. We can't ignore the potential reversal zone of the harmonic AB=CD.

The trading range is among the key support at 0.8790 and key resistance now at 0.9205.

The general trend is to the upside as far as 0.8020 area remains intact with targets at 1.0000 followed by 1.0400 levels.

Check our morning report here

RecommendationOur morning expectation is still valid.