Mid-day report

The pair is collapsing downwards, respecting the potential reversal zone for the previously explained bearish harmonic pattern, besides the harmonic trend line of the mentioned pattern has been breached clearly. Now, a slight correction may occur to relief indicators before resuming the major short term negative scenario.

The trading range for today is among key support at 129.80 and key resistance now at 136.80.

The general trend is to the downside as far as 141.44 remains intact with targets at 100.00 followed by 88.97 levels.

RecommendationOur morning expectation is still valid