Mid-day report

The pair inclined to retest the resistance levels mentioned in our morning report, where we see that a negative reversal appeared on the stochastic; whereas, the upsidedirectionon ADX indicator appears very weak, which insures our expectations to the downside. Trading below 92.85 insures the expected downside move for the rest of today's trading within the downside channel.

The trading range for today is among the key support at 90.95 and the key resistance at 95.30.

The general trend is to the upside as far as 102.60 remains intact with targets at 84.95 and 82.60.

RecommendationOur morning expectation remains valid