Mid-day report

The pair is still stuck among 23.6% and 23.2% correction levels, shown on the chart above, in an attempt to regain enough downside momentum to support our expectations to thedownside. Stochastic is still neutral, while we await the assurance from this indicator to push the pair towards the downside. As long as 92.65 remains intact, the awaited downside for today will prevail.

The trading range for today is among the key support at 90.00 and the key resistance at 95.10.

The general trend is to the upside as far as 102.60 remains intact with targets at 84.95 and 82.60.

RecommendationOur morning expectation remains valid