Morning Report

Over four-hour basis, the pair is obviously trading sideways within the proposed symmetrical triangle pattern (CT); we still believe that the pair will rise to test the resistance level for this pattern's top complete the proposed D wave. The upside potential remains valid for today as far at 149.10 is intact with four-hour closings.

The trading range for today is among key support at 144.10 and key resistance at 154.00.

The general trend is to the downside as far as 167.40 remains intact with target at 116.00.

RecommendationBased on the charts and explanations above our opinion is buying the pair from 149.55 targeting 150.75 and stop loss below 148.75 might be appropriate