The pair is moving below the pivotal resistance levels of 143.60- 76.4 5 Fibonacci level of the last declines from 145.00 to 139.30. The secondary image of the four-hour interval shows that, it succeeded in forming bearish candlesticks formation alongside negative overlapping appearing on Stochastic. Despite these negative sign but as the pair is near to our important level. Thus; our outlook will be neutral until we see the price behavior around 143.60.
The trading range for today is among key support at 139.10 and key resistance at 146.20.
The general trend over short term basis is to the downside, targeting 126.80 as far as areas of 146.20 areas remain intact.
Support142.35141.50140.80140.50140.00Resistance143.60144.25145.00145.50146.20RecommendationBased on the charts and explanations above our opinion is, waiting until a clear sign appears in order to pinpoint the coming big move