Morning Report


The pair continued to fluctuate within a narrow range since yesterday near 0.8600 level, while the bullish technical scenario shown on the minor image remains valid. Therefore, we hold onto our expectations for a bullish move today, which requires two conditions, a clear breach of 0.8670, and steady trading above 0.8525.

The trading range for the day may be among the 0.8460 support and 0.8885 resistance.

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

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Weekly Report

RecommendationBased on the charts and explanations above we recommend buying the pair with a breach above 0.8670 targeting 0.8770 and 0.8885 ,stop loss with four-hour closing below 0.8600 may be appropriate