Morning Report


The royal pair succeeded in making a positive daily closing above the initial detected support levels of 0.9070. Thus; potential upside movements could be seen over intraday basis to resume the CD leg of our captured harmonic formation. A break of 0.9140 could be able to add a confirmed sign for this positive speculation. The technical target f the PRZ resides at 0.9290 zones.

The trading range for today is among key support at 0.8935 and key resistance now at 0.9205.

The general trend over the short term basis is to the upside, targeting 0.9720 as far as areas of 0.8400 remain intact.

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RecommendationBased on the charts and explanations above our opinion is, buying the pair from 0.9080 targeting 0.9170 and stop loss below 0.9005 might be appropriate.