Midday Report

The pair is trading within a narrow range since the morning while it stabilized below the breached pivotal support at 0.8550, therefore, our morning expectations still valid.

Trading range for today is among the major support 0.8300 and the major resistance 0.8655.

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

Previous Report

RecommendationBased on the charts and explanations above we recommend selling the pair around 0.8550 and take profit at 0.8425 and 0.8300 and stop losses above 0.8650 might be appropriate for today.