Morning Report

The pair reached the retest areas mentioned yesterday at 0.9695 amid the loss of positive momentum on Stochastic which entered overbought areas. Therefore, yesterday's scenario remains valid and we recommend reviewing the report for more details. Stability below 0.9695 is required for the scenario to prevail.

The trading range for today is among the major support at 0.9460 and the major resistance at 0.9770.

The short term trend is to the downside with steady daily closing below 1.0330 targeting 0.8000.

Previous Report

Weekly Report

Support0.96000.95450.95000.94600.9400
Resistance0.96950.97250.97700.98100.9850
RecommendationBased on the charts and explanations above our opinion is selling the pair around 0.9695 targeting 0.9545 and stop loss above 0.9770 might be appropriate