Midday Report

The pair is trading in a narrow range where a bearish slant has started to form on the pair's trading since this morning, due to the effect of the bearish reversal appearing on Stochastic. Our expectations remain intact and will not change unless the daily closing is below 1.0325.

The trading range for today is among the key support at 1.0325 and the key resistance at 1.0595.

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

Morning Report

Weekly Report

Support1.04001.03601.03251.02801.0230
Resistance1.04601.05001.05401.05951.0645
RecommendationBased on the charts and explanations above our opinion is buying the pair with the breach of 1.0460 targeting 1.0595 and stop loss below 1.0360, might be appropriate.