Morning Report

Momentum indicators are showing negative signs that are inline with the pair fluctuating close to pivotal resistance 93.30. This makes us hold onto the bearish intraday scenario, where its targets start at 92.30 then 91.45. Keep in mind the importance of resistance level between 93.30 - 93.65 remain intact to maintain chances of achieving the scenario.

The trading range for today is among the key support at 90.65 and the key resistance at 94.00.

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

Previous Report Weekly ReportSupport92.6592.3091.8091.4590.65Resistance93.3093.6594.0094.8095.15RecommendationBased on the charts and explanations above our opinion is selling the pair from 93.30 target 92.30 and stop loss above 94.00, might be appropriate.