Morning Report

The pair is currently trading below the support for the sideways range shown above at 0.8325 in addition to the downside move on Stochastic over four-hour basis. We favor the resumption of the intraday downside move today targeting areas from 0.8170 and require stability below 0.8375.

The trading range for today is among the major support at 0.8110 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.

Previous Report

Weekly Report

RecommendationBased on 8670 charts and explanations above our opinion is selling the pair around 0.8325 targeting 0.8110 and stop loss above 0.8455 might be appropriate