Morning Report

A new tight range candle has been added to the chart, and accordingly, no major change is seen on the pair since yesterday. The suggested scenario in our reports yesterday remains valid and we recommend returning to our previous reports for more details on the expected move.

The trading range for today is among the major support at 78.40 and the major resistance at 81.50.

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

Previous Report

Weekly Report

Support80.0579.6579.0078.4078.00
Resistance80.7580.9581.5082.0082.50
RecommendationBased on the charts and explanations above our opinion is selling the pair with the breach of 79.65 targeting 78.00 and stop loss above 80.75 might be appropriate