Morning Report

Signs of a bullish patter are seen affecting the pair's trading, which currently fluctuates around the breached neckline provided above. This pattern alongside the current ascending channel support our expectations for a bullish intraday move today; targets start from 1.0895 then 1.0945 and require steady trading above 1.0780.

The trading range for today is among the major support at 1.0725 and the major resistance at 1.1000.

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

Previous Report

Weekly Report

Support1.08401.08051.07801.07251.0660Resistance1.08951.09451.10001.10501.1100RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.0840 targeting 1.0945 and stop loss below 1.0780, might be appropriate