Midday Report

The royal pair is still moving inside the bullish classical scenario,the cup with handle pattern, and it's currently correcting the upside movement that occurred during the previous days. We think that the pair is preparing to continue its upside action towards the pattern's technical target at 0.9070.

The trading range is among the key support at 0.8760 and key resistance now at 0.9070.

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