The pair finds difficulties surpassing 102.00,pushing the pair to fluctuate near the level , as momentum indicators are overbought. In general, the previously completed bullish technical pattern remains intact, and main targets start at 102.55 followed by 103.50, while breaching 100.90 shall weaken the suggested scenario.
The trading range for the day is expected among the key support at 100.25 the key resistance at 103.50.
The short term trend is to the downside as far as 150.00remains intact with targets at 112.00.
|Recommendation||Based on the charts and explanations above we recommend buying the pair around 101.00 targeting 102.55 and 103.50, stop loss below 100.25 may be appropriate.|