Morning Report

The pair is still stable above the support areas mentioned yesterday between 0.9330 and 0.9310, where this tight range is generally controlling the market. Therefore, we hold onto our bullish intraday scenario expected for today supported by the MA 50 which requires stability above the mentioned support.

The trading range for today is among the major support at 0.9230 and the major resistance at 0.9590.

The short-term trend is to the upside with steady weekly closing above 0.8850 targeting 0.9950.

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above we recommend buying the pair around 0.9330 targeting 0.9490, 0.9590, and 0.9660 and stop loss below 0.9235 might be appropriate