Mid-day report

Observing the image above, we see that trading below level 1.0655 will keep chances for the pair's decline intact. We also see a bearish pattern which could be capable of taking the pair in a downsideif it consolidates below1.0550. Stochastic supports our downside expectations, and we keep our morning expectations as is for a downside move for the rest of today's trading.

The trading range for today is among the key support at 1.0300 and the key resistance at 1.0915.

The general trend is to the upside as far as 1.0570 remains intact with targets at 1.2245.

RecommendationBased on the charts and explanations above our opinion is selling pair from 1.0600 To 1.0400 and stop loss above 1.0715, might be appropriate