Morning Report

The pair is nearing the first awaited target at 1.5075 and is currently fluctuating, where we it to retest the breached 50% Fibonacci yesterday at 1.5160. We expect the bearish intraday trend's targets to start at 1.5075 then 1.5000. Keep in mind that the four-hour closingshould remain above 1.5160 that might postpone achieving awaited targets.

The trading range for today is among the key support at 1.5000 and the key resistance at 1.5245.

The short term trend is to the upside as far as 1.4850 remains intact with targets at 1.7000.

Previous ReportWeekly ReportSupport1.51251.50751.50301.50001.4970Resistance1.51601.52451.52701.53201.5350RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.5160 targeting 1.5075 and stop loss above 1.5245, might be appropriate.