Morning Report

Pivotal resistance has currently descended to 1.0605 volatility in front of the pair's attempts to move to the upside, so the pair descends to currently stabilize atSMA 50 valued at 1.0495. Stochastic is showing bullish signs that support yesterday's suggested bullish scenario; whereas the minor bearish technical pattern as its necklineresides at 1.0460, which maintains present trading between both ends of the sideway channel - leaning to the downside - intact. From here, we recommend observing trading today especially for support 1.0460 and resistance 1.0605 to obtain more detailed signs for the upcoming direction.

The trading range for today is among the key support at 1.0340 and the key resistance at 1.0745.

The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.1730.

Previous Report

Weekly Report

Support1.04951.04601.04001.03401.0280
Resistance1.05401.06051.06451.06701.0700
RecommendationBased on the charts and explanation above our opinion is observing the pair’s movement to insure its upcoming direction.