Midday Report

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In line with our scenario, the pair tested the morning discussed 111.90 zones perfectly, where we believe that the fifth internal wave of our proposed Elliott count could start. Thereby, we keep our overview unchanged for the rest of the day.

The trading range for today is among key support at 110.00 and key resistance now at 115.00.

The general trend over short term basis is to the downside targeting 97.90 as far as areas of 132.50 remain intact.

Weekly Report Morning Report

Support112.10111.35110.80110.50110.00Resistance112.80113.65114.00114.75115.00RecommendationOur morning expectations remain valid.