Morning Report

The retesting level succeeded yesterday at 1.1295 in front of the pair's attempts to descend and pushed the pair upwards to achieve primary targets for the bullish technical pattern shown above. Some minor bearish correction could touch 1.1430 before continuing the bullish intraday direction; targeting next 1.1685. It is vital that 1.1365 remain intact to insure these expectations prevail.

The trading range for today is among the key support at 1.1305 and the key resistance at 1.1685.

The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2000.

Previous Report Weekly ReportSupport1.14301.13651.13051.12451.1180Resistance1.15551.16201.16851.17351.1785RecommendationBased on the charts and explanations above our opinion is buying the pair from 1.1430 targeting 1.1555 and stop loss below 1.1365, might be appropriate.