Morning Report

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Trading remain stuck among the support of the range bound at 0.8525 and the retest level at 0.8660, where the 50 EMA is pressuring the pair negatively and stochastic is oversold, therefore,we need a breach above or below the aforementioned levels to confirm the potential upcoming move.

The trading range for the day may be among the 0.8455 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

Support0.85250.85000.84600.84150.8385
Resistance0.85950.86600.86850.87200.8805
RecommendationBased on the charts and explanations above we recommend buying the pair with hourly closing above 0..8660 targeting 0.8805 and stop loss with hourly closing below 0.8595 OR selling the pair with hourly closing below 0.8525 targeting 0.8385 and stop loss with hourly closing above 0.8595 may be appropriate for today.