Morning Report

The pair achieved a daily closing below the sideway range's support at 0.8325, which added more confirmations to our expectations that the pair will continue the intraday downside move. The MA 50 supports the suggested decline targeting areas from 0.8170. A breach of 0.8325 will delay the awaited targets.

The trading range for today is among the major support at 0.8220 and the major resistance at 0.8440.

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

Weekly Report

Previous Report

Support0.82500.81700.81100.80500.8000
Resistance0.83250.84000.84400.84800.8540
RecommendationBased on the charts and explanations above our opinion is selling the pair around 0.8325 targeting 0.8170 and stop loss above 0.8400 might be appropriate today