Morning Report

The pair's trading appears as if markets have been null since the beginning of this week, where no change is noted in our previous reports. We recommend observing yesterday's report in order to recognize the suggested expectations for the pair's intraday movement.

The trading range for today is among the key support at 79.00 and the key resistance at 81.80.

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

RecommendationBased on the charts and explanations above our opinion is selling the pair around 81.15 targeting 79.80 and stop loss above 81.80, might be appropriate.