Morning Report

The pair is moving to the downside after it approached the awaited resistance levels of 81.95. Stochastic shows negative sign, encouraging us to keep our scenario intact over intraday basis. Technical targets reside at 80.35 followed by 80.00 as far as 82.30 remains intact.

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 81.95 targeting 80.35 and stop loss above 82.75, might be appropriate.