Morning Report


The support of the ascending channel was able to stop the bearishness, while the pair provided a daily closing yesterday above this level. In addition Stochastic is positive over daily basis. Therefore, we expect an intraday upside move today, targeting mainly areas around 0.8450. But, a breach of 0.8325 and stability below it could be a negative sign that might trigger a downside movement, targeting 0.8170 and then 0.8100.

The trading range for today is among the major support at 0.8200 and the major resistance at 0.8450.

The short-term trend is to the upside as far as 0.7785 remains intact, targeting 1.0370.

Previous Report

Weekly Report

RecommendationBased on the chart and explanations above, our opinion is buying the pair around 0.8325, targeting 0.0.8450 and stop loss below 0.8255 might be appropriate.