Mid-day report

The pair is trapped in a very narrow range since morning. Therefore we keep our expectations to the downside for the rest of the day, based on the negative pressure from the double top formation, without ignoring the volatile movements that may occur today due to NFP news at 12:30 GMT.

The trading range for today is among key support at 145.50 and key resistance at 156.30.

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

RecommendationOur morning expectation is still valid