Midday Report

The royal pair inclined sharply, reaching the pivotal resistance level of 0.9070 as we mentioned in our technical messages, and we see that it's preparing to breach it. Therefore, we keep our overview to the upside for the rest of the day, supported by the suggested internal count for the impulsive upside wave and the harmonic formation that ended with a positive crossover as seen on Stochastic.

The trading range is among the key support at 0.8865 and key resistance now at 0.9260.

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