Morning Report

The pair is trading within a sideway range since the weekstarted between 85.70 and 85.15, where momentum indicators are currently neutral as chances of resuming some negative pressure for a new retest of the previously breached resistance that has turned into support at 84.55. We recommend observing trading today, especially for mentioned sideway ranges that hold the keys to insuring the upcoming intraday trend for the pair.

The trading range for today is among the key support at 84.00 and the key resistance at 86.90.

The short term trend is to the downside as far as 91.55 remains intact with targets at 82.60.

Previous Report

Weekly Report

Support85.1584.5584.0083.5083.00
Resistance85.7086.2086.5586.9087.35
RecommendationBased on the charts and explanation above our opinion is observing the pair’s movement to insure its upcoming direction.