The breach of the 39.85 level that we have pointed out to in our previous report, opened the way for the pair to reach levels above the 45 mark. We now see the pair could declined to retest the support levels but as far as trading remains above 40.35 on the four hour charts, the intraday trend will be to the upside.

The trading range for today is among the key support at 38.70 and the key resistance at 45.50

The general trend is to the downside as far as 92.30 remains intact with targets at 34.85 and 32.25

Support 40.90 40.35 39.85 39.65 39.15
Resistance 41.80 42.05 42.75 43.15 43.75
Recommendation ...