Midday Report

The pair is supported above 133.60 zones, supporting the positive scenario, which is based on the expected structure for the Elliott sequence as seen on the above daily chart, forming the internal 2nd wave. Note that, 132.50 should hold to protect our anticipation.

Trading range for today is among key support at 130.70 and key resistance now at 137.40

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