Mid-day report

Trades still remain within this morning's expected span, where we witnessed the pair incline through the past few hours,which was accompanied by a positive reversal on Stochastic, but at the same time, ADX has not insured the upside direction. We also see the major resistance levelfor the downside, halting the pair's current attempt to incline. It is vital that 1.1060 remains intact for the intraday downside direction's stability, whereas level 1.1160 protects the short term downside wave.

The trading range for today is among the key support at 1.0625 and the key resistance at 1.1125.

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300.

RecommendationOur morning expectation remains valid