Morning Report

The pair has moved slightly upwards and couldn't take 80.75 zones once again. Now, we can see the pair re-attacking the initial resistance level of 81.50 as seen on our provided daily chart. Actually, Stochastic succeeded in fixing yesterday's bearish signal despite the negativity on RSI 14. Thereby, we need further confirmations to define the next move correctly.

The trading range for today is among key support at 79.15 and key resistance now at 82.50.

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

Previous Report

Weekly Report

Support81.2581.0080.7580.5080.20
Resistance81.6582.0582.3582.5082.90
RecommendationBased on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.