Morning Report

The pair is still moving inside the same range areas of treading as seen on the provided four-hour chart. Consecutive attempts to breach the key resistance levels of 134.80 decisively that might assist it to incline and thus;additional upside movements could be witnessed over intraday basistocomplete the formationof the CD legfor the suggested harmonic pattern that is still under preparation.

The trading range for today is among key support at 130.50 and key resistance at 138.60.

The general trend over short term basis is to the downside, targeting 118.80 as far as areas of 150.75 areas remain intact.

Weekly Report Previous Report

Support134.00133.60133.15132.50131.60Resistance134.80135.50136.20136.80137.30RecommendationBased on the charts and explanations above our opinion is, buying the pair with a breakout above 134.80 targeting 137.30 and stop loss below 133.15 might be appropriate.