Morning Report

The resistance mentioned yesterday has halted at 1.1115 as a strong barrier in front of the pair's push to the upside; thus, maintaining yesterday's suggested scenario.Stochastic is showing negative signs that make us expect a bearish intraday trend; targeting its key targets at 1.0970. We point to stability above 1.1115 that may postpone achieving bearish targets.

The trading range for today is among the key support at 1.0970 and the key resistance at 1.1215.

The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.

Previous Report Weekly Report

Support1.10701.10301.09701.09251.0875Resistance1.11151.11701.12151.12601.1320RecommendationBased on the charts and explanations above our opinion is selling the pair around 1.1115 targeting 1.0970 and stop loss above 1.1215, might be appropriate.