Sharp incline occurred during the previous session, taking the pair to breach the uptrend line of the suggested CT formation as seen on the provided four-hour chart. Thereby, we hold onto our morning anticipations for the rest of the day, supported by Stochastic indicator.
The trading range for today is among key support at 131.60 and key resistance at 139.75.
The general trend over short term basis is to the downside, targeting 118.80 as far as areas of 150.75 areas remain intact.
Support135.00134.60134.10133.60133.15Resistance136.20136.80137.30138.60139.10RecommendationOur morning expectations remain valid.