Morning Report

The pair is steady above the SMA 50 and within the minor ascending channel as Stochastic restrict the upside move which keeps trading within a tight range. We expect an intraday upside move today targeting 83.50 that requires stability above 81.55 so that targets will not be postponed.

The trading range for today is among the major support at 80.20 and the major resistance at 83.50.

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

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair around 81.75 targeting 83.50 and stop loss below 80.75 might be appropriate