Morning Report

The pair is fluctuating around yesterday's breached pivotal support at 82.30, while stochastic is losing positive momentum that stopped yesterday's bearish trend; we expect a bearish intraday direction towards the awaited key target 80.35, but keep in mind the importance of stabilizing below 82.95 in order to resume these expectations.

The trading range for today is among the key support at 80.35 and the key resistance at 83.70.

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 selling the pair around 82.30 targeting 80.35 and stop loss above 83.25, might be appropriate.