Midday report

The royal pair is inclining sharply, activating the morning slant positive divergence, appearing on MACD while AC is providing a positive sign. Hence we keep our overview to the upside for the rest of the day. A break of 0.9180 will confirm our bullish harmonic and classical scenarios which we discussed several times before.

Trading range is among the key support at 0.8960 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 expectation is still valid.