Midday Report

Stochastic is putting positive pressures on the pair as it reached the 50 EMA, breaching this level may open the door for more upside correction over daily basis, therefore, we will be neutral today and monitor the daily closing around these sensitive which will determine the next intraday direction of the pair. These levels are the resistance at 81.65 and support at 80.75.

Trading range for today is among the major support 79.95 and the major resistance 82.50.

The short term trend is to the downside with a stability of 89.35 targeting 77.70

Previous Report

RecommendationRecommendation based on the charts and explanations above we recommend stay and monitor the daily closing until we get an accurate signs.