Morning Report

The pair pushed to the upside nearing the awaited retest level around 82.30, accompanied by Stochastic entering overbought areas and thus making us hold onto yesterday's expectations intact. We recommend reviewing the link below to insure the suggested target's details and chances of achieving them.

The trading range for today is among the key support at 80.35 and the key resistance at 83.15.

The short term trend is to the downside as far as 89.35 remains intact with targets at 77.70.

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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 83.15, might be appropriate.