The pair inclined yesterday, supported by the positivity on stochastic, and acquired a daily closing above the sensitive level we mentioned previously at 0.8645. Accordingly, we expect an intraday upside move for today, the move requires that the pair settles above 0.8645, and steady daily closing above 0.8585 as well.
The expected trading range for the day is among the key support at 0.8400 and the key resistance at 0.8885.
The short term trend is to the upside so far as 0.8165 remains intact targeting 1.0370.
|Recommendation||Based on the charts and explanations above we recommend buying the pair with hourly closing above 0.8645 targeting 0.8770 and stop loss with hourly closing below 0.8585 OR selling the pair with hourly closing below 0.8580 targeting 0.8455 and stop loss with hourly closing above 0.8645.|