Morning Report


The potential reversal zones of our previous explained ideal [BAT] pattern is still under preparation. The secondary image explains the ratios studies of the pattern, which the royal pair is still respecting. Henceforth, we keep our bullish outlook on the intraday basis.Stochasticadded further confirmation and AROON down is moving freely below the value of 30.00.

The trading range is among the key support at 0.8690 and key resistance now at 0.9070.

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.

RecommendationBased on the charts and explanations above our opinion is, buying the pair from 0.8885 targeting 0.9000 and stop loss below 0.8800 might be appropriate.