Morning Report

The pair was able to breach pivotal support 90.55 and assure the bearish direction's continuation. From here, we expect a bearish intraday trend; targeting 89.55 then 88.75. Keep in mind that the breach of 90.55 - 90.65 that weakens achieving the expected bearish direction.

The trading range for today is among the key support at 88.75 and the key resistance at 91.40.

The general trend is to the downside as far as 102.60 remains intact with targets at 82.60.

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RecommendationBased on the charts and explanations above our opinion is selling the pair from 90.55 target 89.55 and stop loss above 91.40, might be appropriate.