The pair has consolidated in the recent sessions but still holds above a support at 0.9422 (lower limit of the short term bullish channel) and a break above a short term resistance at 0.9492 (short term high pivot) would signal a return to the recent high at 0.9568 and possibly a test of a medium term resistance at 0.9609 (Retracement). A break below 0.9422 would instead favor an extension of the correction toward 0.9306. Buy – Stoploss @ 0.9419 – Target @ 0.9608.
Click here to read the full report: FX Trends Daily
Natixis