The pair yesterday neared the retest level for the breached resistance level that is currently ascending towards 1.1295. We still hold onto yesterday's suggested scenario, where a retest will be followed by resuming the bullish intraday direction. Key targets start at 1.1480 and require the daily close above 1.1295 to prevail.
The trading range for today is among the key support at 1.1295 and the key resistance at 1.1480.
The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2000.
Previous Report Weekly ReportSupport1.13251.12951.12451.11801.1120Resistance1.14001.14351.14801.15551.1620RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.1295 targeting 1.1435 and stop loss below 1.1180, might be appropriate.