Morning Report


We see on our provided daily chart, how the royal pair closed exactly on the uptrend line while the contradiction between indicators continues. Despite the allover bullishness is still in favor but our outlook is neutral for today until we witness clearer signs. Note that, a breakout below 0.8790 might cause negative actions.

The trading range is among the key support at 0.8790 and key resistance now at 0.9115.

The general trend over 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, staying aside and following the coming reports.