Mid-day report

The royal pair has been able to move downwards, activating the first part of the morning analysis scenario. Now we think that the pivotal areas of 0.8720 will support the bullishness, which is based on the bullish harmonic scenario, targeting 0.8905 areas. Therefore, a bullish movement is in favor for the rest of the day.

The trading range is among the key support at 0.8585 and key resistance now at 0.8960.

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