Morning Report

The pair consolidated below the mentioned support at 0.8740, the initial confirmation for the resumption of the intraday bearishness for today. Momentum indicators are positive which keeps the volatility around current levels before moving towards targets at 0.8650 and 0.8550.

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 0.8740 and take profit at 0.8650 and stop loss above 0.8810 might be appropriate