Morning Report

The chart above shows the sideways range controlling the pair between 0.8320 and 0.8455 after the stability of 23.6% Fibonacci correction. We see chances for further intraday bearish movement today supported by trading below the MA 50; targets start at 0.8170 then 0.8100 and require the clear breach of 0.8200 and stability below 0.8455.

The trading range for today is among the major support at 0.8180 and the major resistance at 0.8455.

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

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Weekly Report

RecommendationBased on 8670 charts and explanations above our opinion is selling the pair with the breach of 0.8320 targeting 0.8170 and stop loss above 0.8415 might be appropriate