Morning Report

eurgbp10

The pair moved to the upside and returned above the SMA 50 and the main harmonic support as shown above. Yet, Stochastic is still negative as seen over four-hour basis and we prefer to remain neutral until we have a strong unified signal over the coming move.

The trading range for today is among the key support at 0.8290 and key resistance now at 0.8635.

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

Support0.84750.84400.84100.83700.8330
Resistance0.85400.85900.86350.86650.8700
RecommendationBased on the charts and explanations above we remain neutral awaiting further confirmations