Morning Report

The sideways volatility remains around the mentioned neckline for a bearish pattern at 0.8800, where it is fluctuating slightly below it. Therefore, we expect an intraday downside move targeting 0.8650 and require stability below 0.8900.

The trading range for today is among the major support at 0.8600 and the major resistance at 0.8945.

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 0.8800 targeting 0.8650 and stop loss above 0.8900 might be appropriate