Morning Report

After achieving the bullish technical pattern's targets shown in our previous reports, the pair's trading reversed to descend belowMA 200; therefore making us expect a bearish intraday trend that will target first 89.35 then 88.70. It is vital to remain intact 90.60 to maintain chances of achieving these expectations.

The trading range for today is among the key support at 88.70 and the key resistance at 90.60.

The general trend is to the downside as far as 101.65 remains intact with targets at 82.60.

Previous Report Weekly Report

RecommendationBased on the charts and explanations above our opinion is selling the pair from 90.15 target 89.35 and stop loss above 90.60, might be appropriate.