Morning Report


The pair is fluctuating around the main support we mentioned yesterday in our weekly report, where attempts to breach the level continue, this level could be a major turning point for the pair's direction. We recommend reviewing our weekly reports below for more details. Momentum indicators are providing positive signs adding strength to this support , while the 50 EMA continues to pressure trading negatively. Accordingly, we prefer staying aside and monitor trading around the critical levels.

The trading range for today is expected among the key support at 0.8285 and the key resistance at 0.8480.

The short term trend is to the upside as far as 0.8480 remains intact with targets at 1.0370.

RecommendationBased on the charts and explanations above we recommend staying aside awaiting more confirmations