Morning Report

The pair has attempted to breach the bearish trend shown above, where the pair will return to breach support for the triangle pattern suggested yesterday; thus, making us expect the bearish intraday to continue as its key targets are between 1.0970 - 1.0925. It is vital that stability is achieved below 1.1115 to achieve these expectations.

The trading range for today is among the key support at 1.0925 and the key resistance at 1.1175.

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

Previous Report Weekly Report

Support1.10151.09701.09251.08751.0825Resistance1.10601.11151.11401.11751.1215RecommendationBased on the charts and explanations above our opinion is selling the pair around 1.1060 targeting 1.0925 and stop loss above 1.1140, might be appropriate.