Morning report

Yesterday's positive closing that succeeded to form a bullish candlestick formation-secondary image- helps us to keep our intraday outlook to the upside on the intraday basis, , which is targeting the broken neckline of our captured daily double top around 147.00 zones. RSI 14- currently valued at 22.00- is preparing to get out from the oversold areas, supporting the highly anticipated upside correction.

Trading range for today is among key support at 137.60 and key resistance at 145.50.

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

RecommendationBased on the charts and explanations above our opinion is, buying the pair from 140.80 targeting 143.40 and stop loss below 138.70 might be appropriate.