Midday Report

The pair has tested the broken resistance which turned into support at 141.70, but we still keep our outlook to the upside for the rest of the day, based on the bigger picture of the previous discussed upside corrective rally towards the broken neckline of our captured daily double top around 147.00 zones. RSI 14-currently valued at 25.00 supports this overview.

The trading range for today is among key support at 138.70 and key resistance at 147.00.

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

RecommendationOur morning expectations remain valid