Morning Report

Yesterday's suggested bearishness was limited around 0.8225 zones as seen on the provided four-hour chart. Now, possible upside actions could be activated over intraday basis, supported by three technical factors:

1-The reversal classical pattern, which is underway with aneckline at 0.8295 zones.

2-The bullish candlestick structure.

3-The positive sign appearing on Stochastic.

The trading range for today is among the key support at 0.8140 and key resistance now at 0.8400.

The general trend over short term basis is to the downside, targeting 0.7780 as far as areas of0.8965remain intact.

Weekly Report Previous Report

Support0.82450.82100.81800.81400.8100Resistance0.82950.83050.83450.83800.8400RecommendationBased on the charts and explanations above our opinion is, buying the pair with a breakout above 0.8295 levels targeting 0.8380 and stop loss below 0.8225 might be appropriate.