The pair broke 1.5280 failing the expectations of extending the upside move, as we see it today trading close to the bullish key support level as shown on graph. We need to see how the pair would react between 1.5200 and 1.5170 and if stabilized at these levels then there might be a new attempt to the upside, as breaking it might extend the current bearishness. We prefer to remain intraday neutral today waiting for confirmation signals within the technical contradiction shown on Linear Regression Indicator 34 and 55.
The trading range for today is among key support at 1.5090 and key resistance at 1.5350.
The general trend over short term basis is to the downside as far as areas of 1.5605 remains intact targeting 1.4550.
Support: 1.5200, 1.5170, 1.5115, 1.5090, 1.5070
Resistance: 1.5235, 1.5280, 1.5310, 1.5350, 1.5395
Recommendation Based on the charts and explanations above, we prefer to remain netural today
IMOH, Clement I.
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