Morning Report

The pair stronglyinclined upwards, therefore assisting the mentioned bullish pattern highlighted in yesterday's midday report. Meanwhile, trading has returned within the bullish short term wave but expect some bearish correction that builds a basethen moving upwards, targeting1.1000 mainly. It is vital that 1.0745 remains intact to maintain chances of the expected bullish trend to continue.

The trading range for today is among the key support at 1.0745 and the key resistance at 1.1000.

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

Previous Report Weekly ReportSupport1.07951.07151.06701.06051.0565Resistance1.08951.09451.10001.10501.1100RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.0795 targeting 1.0895 and stop loss below 1.0715, might be appropriate.