Midday Report

According to the morning analysis, the pair is on the way to relief momentum indication around 149.35, of the negative pressure from the daily double top formation. Therefore, we still keep our overview to the downside for the rest of the day towards 146.80 -the neckline- first,a break of which will confirm this negative overview over short and medium term basis.

The trading range for today is among key support at 143.60 and key resistance at 153.60.

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

RecommendationOur morning expectation is still valid