The pair is still biased to the upside, where consolidation above 0.9185 supports the pair to continue the upside movement. We expect the pair to extend the bullish movement today; however, consolidation above 0.9080 is necessary to achieve our intraday expectations and avert any downside correction before rebounding to the upside.
The trading range for today is among the major support at 0.8850 and the major resistance at 0.9415.
The short-term trend is to the upside with steady weekly closing above 0.8020 targeting 0.9400.
|Recommendation||Based on the chart and explanations above, we recommend buying the pair above 0.9220, and take profit in stages at (0.9335 and 0.9400) and stop loss with 4-hour closing below 0.9080 might be appropriate today|