The pair inclined to acquire the awaited target at 0.8805, and settles above the level with daily closing, thus supporting our expectations of resuming the upside move. Stochastic is up-trending, while the 50 EMA supports the pair from the downside, on the other hand steady trading above 0.8720 is necessary to achieve our targets at 0.8885 and 0.9000.
The trading range for the day may be among the 0.8720 support and 0.9000 resistance.
The short term trend is to the upside targeting 1.0370 so long as 0.8165 remain intact
|Recommendation||Based on the charts and explanations above we recommend buying the pair around 0.8805 targeting 0.9000 and stop loss below 0.8720 may be appropriate|