Mid-day report

The royal pair is still gathering the momentum it needs to activate the resumption of the harmonic bullish scenario above 61.8% Fibonacci expansion level , where we think that it will be able to build a positive technical base. Therefore, we keep our overview to the upside.

The trading range is among the key support at 0.8585 and key resistance now at 0.8905.

The general trend is to the upside as far as 0.8020 area remains intact with targets at 1.0000 followed by 1.0400 levels.

RecommendationOur morning expectation is still valid