Morning Report

The pair is still stable below the breach descending channel's support which turned into resistance currently at 0.9445, while Stochastic lost some of its bullishness. Therefore, we expect an intraday downside move targeting areas from 0.9320 then 0.9200 which requires stabile daily closings below 0.9445-60.

The trading range for today is among the major support at 0.9200 and the major resistance at 0.9520.

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

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above our opinion is selling the pair around 0.9445 targeting 0.9320 and stop loss above 0.9520 might be appropriate