Midday Report

Stochastic is putting a negative pressure on the pair to trade now below the retest level of the breached neckline of the bullish technical pattern. The 50 EMA is still supporting the pair. Therefore, our morning expectations remain valid

Trading range for today is among the major support 1.6415 and the major resistance 1.6740

The short term trend is to the upside with a steady daily closing above 1.5315 targeting 1.7000

Previous Report

RecommendationOur morning expectations still valid.