Morning Report

The pair is moving according to our yesterday's scenario perfectly as it relieved Stochastic followed by an upside move that took the pair to attack the upper line of our captured CT formation as seen on the provided four-hour chart. . From here,we hold onto our proposed positive anticipations over intraday basis, based on the suggested Elliott sequence.

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

Support133.90133.60133.15132.50131.70Resistance134.80135.50136.20136.80137.30RecommendationBased on the charts and explanations above our opinion is, buying the pair around 133.90 targeting 136.20 and stop loss below 132.00 might be appropriate