Morning Report

The pair retested minor yesterday's breached minor support at 1.0745 and is fluctuating around support for the bearish technical pattern over a short term intraday basis around 1.0810. We still see chances of yesterday's scenario continuing; thus, we expect a bearish intraday trend where its targets start at 1.0760 then 1.0715 and require trading to remain below 1.0895 to be achieved.

The trading range for today is among the key support at 1.0715 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 ReportSupport1.08101.07951.07551.07151.0670Resistance1.08451.08951.09451.10001.1050RecommendationBased on the charts and explanations above our opinion is selling the pair with the breach of 1.0810 targeting 1.0715 and stop loss above 1.0895, might be appropriate.