Midday Report

The royal pair has reached our detected support level of 0.9160, where it started to incline slightly, building a technical base to reach the extended technical targets for the bullish harmonic structure and the cup with handle pattern as seen on the four-hour chart around 0.9260 followed by 0.9370. Hence, we keep our overview to the upside over intraday basis.

The trading range is among the key support at 0.9000 and key resistance now at 0.9375.

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 expectations remain valid