Morning Report

The pair stabilized above 1.0715 and it is supported by clear support line as shown above. From here, we expect more bullish movement for today that will start its targets at 1.0795 then 1.0850. Keep in mind that the breach of support levels between 1.0725 - 1.0705 will weaken chances of achieving expectations.

The trading range for today is among the key support at 1.0640 and the key resistance at 1.0840.

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

Previous Report Weekly Report

RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.0725 targeting 1.0850 and stop loss below 1.0640, might be appropriate.