The pair failed to stabilize above 1.3275 yesterday and Linear Regression Indicators are currently covering the pair's movement from the upside and forming resistances. Failing to stabilize above 1.3275 forces us to remain neutral, whereas we cannot currently bet on a downside move because the pair is above the bullish key support level shown on graph.
The trading range for today is among the key support at 1.3165 and key resistance at 1.3400.
The general trend over short term basis is sideways targeting 1.2775 as far as 1.3600 is daily-closing.
Support: 1.3230, 1.3200, 1.3185, 1.3165, 1.3135
Resistance: 1.3275, 1.3315, 1.3345, 1.3385, 1.3400
Recommendation Based on the charts and explanations above, we prefer to remain neutral waiting for confirmation signals
IMOH, Clement I.
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