The pair didn't show any big move since yesterday as it continued consolidating above the key support levels between 0.9080 and 0.9105 as seen on the provided daily chart. Stochastic has confirmed yesterday's positivity via overlapping bullishly. Henceforth, we hold onto our bullish predictions over intraday basis protected by the psychological level of 0.9000. A break above 0.9145 followed by 0.9175 will be a very positive indication for short term traders.
The trading range for today is among key support at 0.8965 and key resistance at 0.9260.
The general trend over short term basis is to the upside, targeting 0.9950 as far as areas of 0.8850 remain intact.
|Recommendation||Based on the charts and explanations above our opinion is, buying the pair above 0.9125 targeting 0.9300 and stop loss below 0.9000 might be appropriate.|