Morning report

Twenty pips separated the pair from reaching the exact technical target of yesterday's analysis-check it here-. The daily classical double top pattern is still on progress, targeting the neckline at 146.80. Therefore the downside trendis still in favor over the intraday basis, supported by the 4h bearish structure as seen on the secondary image. A break of 149.00 zones will bring a panic sell-off action.

Trading range for today is among key support at 144.30 and key resistance at 154.65.

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

Support149.30148.60147.80146.80145.95
Resistance150.50151.00151.60152.30153.60
RecommendationBased on the charts and explanations above our opinion is, selling the pair from 150.25 targeting 147.85 and stop loss above 152.30 might be appropriate.