MorningReport

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The support of the sideways range at 0.8525 halted the pair's downside attempts, and price rebounded to the upside according to our previous scenario. Therefore, we preserve our expectations for an intraday bullish move targeting a retest of 0.8670 level, where we should monitor price up there as breaching that level may push the pair to resume the overall bullish trend again.

The trading range for the day may be among the 0.8415 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
Resistance0.85950.86300.86700.87200.8805
RecommendationBased on the charts and explanations above we recommend buying the pair around 0.8525 targeting 0.8665 and stop loss below 0.8460 may be appropriate