Morning Report

The pair is still trading in a stable manner below the broken support level thatbecame resistance at 91.45, while the daily closingwas below it. Stochastic is still giving off negative signs ; thus making us hold onto our previous expectations that point to an expected bearish trend today; the first key target will remain at 90.00.

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.