Morning Report

The pair is still moving within the same trading range around 50% Fibonacci retracement of the CD leg of the bullish harmonic AB=CD pattern as seen on the provided four-hour graph. The negativity seen on Stochastic yesterdaywas relieved , but MACD traditional couldn't change its neutral stance. Thereby, we will continue staying aside until the pair breaches through one of the two edges of the sideways range shown above.

The trading range for today is among key support at 75.25 and key resistance now at 78.45.

The general trend over short term basis is to the upside, targeting 87.45 as far as areas of 75.20 remain intact.

Previous Report

Weekly Report

Support76.4076.1075.8075.6075.25
Resistance76.9577.2077.6077.9078.45
RecommendationBased on the charts and explanations above our opinion is, staying aside until an actionable setup appears to pinpoint the upcoming big move.