Morning Report


The pair continues to trade within the shaded range bound above, while trading is near the support of the range at 0.8525, where the 50 EMA is pressuring intraday trading negatively. In general, we count on the steady daily closing above 0.8525 to expect an intraday bullish move today targeting initially 0.8635 and 0.8680.

The trading range for the day may be among the 0.8460 support and 0.8680 resistance.

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

**GMT+2 Candlesticks**

RecommendationBased on the charts and explanations above we recommend buying the pair around 0.8525 targeting 0.8635, stop loss with four-hour closing below 0.8460.