Morning Report

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The royal pair inclined violently from our detected potential reversal zones for the duplicated bullish hourly harmonic pattern. Currently, the pair is still awaiting northern targets to be reached for the CD leg around 0.8720.Therefore, we keep our outlook to the upside over intraday basis

The trading range for today is among the key support at 0.8490 and key resistance now at 0.8860.

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.

Weekly ReportPreviousReport

Support0.86100.85800.85300.84950.8455
Resistance0.86600.87000.87200.87600.8800
RecommendationBased on the charts and explanations above our opinion is, buying the pair from 0.8630 targeting 0.8720 and stop loss below 0.8570 might be appropriate.