Trading remain stuck among the support of the range bound at 0.8525 and the retest level at 0.8650. The 50 EMA is pressuring intraday trading, while stochastic is providing positive signs over the daily time frame. Therefore, we will stay aside for now and monitor trading around the aforementioned level.
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
|Recommendation||Based on the charts and explanations above we recommend staying aside awaiting more confirmations for the next move.|