Midday Report

After reaching the expected pivotal support level of 0.9205, a bullish candlestick pattern is in progress, as seen on the above four-hour chart, while the royal paircontinues its bullish scenario, based on the extended targetsfor the cup with handle pattern, alongside the bullish harmonic formation around 0.9470. A break of 0.9260 will accelerate this highly predicted positive scenario.

The trading range is among the key support at 0.9070 and key resistance now at 0.9470.

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