Midday Report

Negatively influenced by yesterday's shooting star pattern, the royal pair has respected our bearish anticipation, approaching the technical target around 0.9100 zones. We expect this bearishness to continue towards 0.9070 zones, where it will be able to gather the momentum needed to incline over short term basis. Hence, we keep our overview intact for negativity butwithin anallover bullishstructure.

The rading range is among the key support at 0.9000 and key resistance now at 0.9370.

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