Mid-day report

The pair rushed to the upside breaching the mentioned neckline at 1.6380, where all is needed now is a four-hour closing above this level,for the pair tocontinue the expected upside move for therest of theday. Stochastic could pressure the pair to retest the breached resistance level before continuing to the upside.

The trading range for today is among the key support at 1.5870 and the key resistance at 1.6670.

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100.

RecommendationOur morning expectation remains valid