Morning Report

Stochastic give off the confirmed crossover signal until now while trading remains choppy. The probability of retesting 81.90 followed by the previous broken resistance -turned into support- at 81.50 remains on the horizon; breaching through 83.20 will actuate traders to retest 83.70 followed by the significant high of 84.15. Thus, we will avoid trading today until we get more confirmations.

The trading range for today is among key support at 81.50 and key resistance now at 84.15.

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

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Weekly Report

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