Morning Report

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The pair is moving very slowly below the previous broken neckline of our captured reversal classical pattern. These slow actions might be followed by a price explosion once the pair hits the pivotal support levels of 0.8255. In result, we keep our bearish outlook over intraday basis as this scenario, which we caught since the trading was around 0.8395 zones is still valid.

The trading range for today is among the key support at 0.8140 and key resistance now at 0.8420.

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

Support0.82550.82250.82050.81800.8140
Resistance0.82950.83050.83550.83800.8400
RecommendationBased on the charts and explanations above our opinion is, selling the pair around 0.8295 targeting 0.8185 and stop loss above 0.8375 might be appropriate.