The pair remains stuck within the yellow shaded area as shown on image, while we are still waiting for a confirmation of the upcoming intraday move, by breaching the range support level at 0.8295 or resistance at 0.8385. The low volume levels is the reason behind this thin trading , for more details regarding the possible targets we recommend reviewing our weekly report on the link below.

The trading range for this week is expected among the key support at 0.8200 and the key resistance at 0.8480.

The short term trend is to the upside as far as 0.8165 remains intact with targets at 1.0370.

RecommendationBased on the charts and explanations above we recommend selling the pair with four-hour closing below 0.8295 targeting 0.8200 and 0.8100 ,stop loss with four-hour closing above 0.8385 may be appropriate