Midday Report

The pair has been trapped in a very narrow range during the previous session. Therefore, we keep ourexpectations as it is to the upside, to continue the corrective rally towards the broken neckline of our captured daily double top. Note that staying above 141.60 is very important to keep the bullish outlook over intraday basis. RSI 14 is still positive.

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