Midday Report

Till this moment, the pair has not reached 0.9110 resistance; where overbought signs, appearing on Stochastic, halted the move; thus, insuring that the pair requires downside correction, before continuing to the upside over short term basis.

The trading range for today is among the key support at0.8905 and the key resistance at 0.9180.

The general trend is to the upside as far as0.8020 remains intact with targets at 1.0000 and 0.0400.






Support0.90300.90000.89600.89050.8880
Resistance0.90900.91100.91800.92250.9260
RecommendationBased on the charts and explanations above our opinion is selling pair at 0.9090 To 0.9000 and stop loss above 0.9130, might be appropriate