Morning Report

Our previous expectations from yesterday remain intact, since the bearish direction still continues but has slightly late due to the effect ofMA 50. We recommend reviewing yesterday report, where we will only add to it the pair's bearish combination shown in the image above, which makes us expect the pair to target more descend towards correction 50% shown in the image at 1.0510 and perhaps reach main support at 1.0445.

The trading range for today is among the key support at 1.0445 and the key resistance at 1.0715.

The general trend is to the downside as far as 1.1095 remains intact with targets at 0.9910.

Previous Report Weekly Report

Support1.05751.05101.04701.04451.0360
Resistance1.06151.06451.07151.07901.0840
RecommendationBased on the charts and explanations above our opinion is selling the pair from 1.0615 targeting 1.0446 and stop loss above 1.0715, might be appropriate.