Morning Report

The pair continues yesterday's narrow trading wedged between the MA 50 and pivotal resistance 84.25. The suggested scenario yesterday will remain intact, where we recommend reviewing it in the link below to further explain targets and critical levels for the expected intraday direction.

The trading range for today is among the key support at 82.80 and the key resistance at 85.95.

The short term trend is to the downside as far as 91.55 remains intact with targets at 77.70.

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair with the breach of 84.25 targeting 85.95 and stop loss below 83.10, might be appropriate.