Morning Report

width=640

The pair is gradually approaching the sensitive retest level at 0.8645, supported by positivity on stochastic over the daily time frame. Now, we need more confirmations for the next possible move, where it's essential to monitor trading around the sensitive levels among 0.8525 support and 0.8645 resistance. Therefore, we prefer staying aside this morning.

The trading range for the day may be among the 0.8525 support and 0.8720 resistance.

The short term trend is to the upside targeting 1.0370 so long as 0.8165 remain intact

Previous Report

Weekly Report

Support0.85900.85250.85000.84600.8415
Resistance0.86450.86850.87200.88050.8845
RecommendationBased on the charts and explanations above we recommend staying aside awaiting more confirmations for the next move.