The pair stabilized below the retest level shown yesterday at 91.45, accompanied by negative signs from momentum indicators that remain on yesterday's suggested scenario. From here, expectations for today are bearish ; targets start at 90.00 and require trading to remain below 92.30 to continue.
The trading range for today is among the key support at 90.00 and the key resistance at 92.30.
The short term trend is to the downside as far as 101.65 remains intact with targets at 82.60.
Previous Report Weekly ReportSupport90.7090.0089.6089.0088.70Resistance91.4591.9592.3092.8093.30RecommendationBased on the charts and explanations above our opinion is selling the pair from 91.45 targeting 90.00 and stop loss above 92.30, might be appropriate.