Morning Report

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The pair approached the detected technical target of yesterday's midday report, placing a temporarily high around the key resistance point of 149.35. It succeeded to from a bearish harmonic AB=CD pattern that started to affect it negatively. Thereby we believe that, the intraday overview is negative, supported by the negative sign appearing on AROON.

Trading range for the week is among key support at 143.15 and key resistance at 153.40.

The general trend is to the downside as far as 167.40 remains intact with target at116.00.

Weekly Report

Support148.00147.30146.80146.20145.50
Resistance149.00149.35150.00150.60151.75
RecommendationBased on the charts and explanations above our opinion is, selling the pair from 149.00 targeting 146.80 and stop loss above 150.75 might be appropriate.