Euro & Pound trading on mixed note.

Tech View:
EURO is seen on a mixed note for the day With the trading range expected between 1.5705-1.5820.With good support seen at 1.5690 levels and key resistance is seen at 1.5840.chart pattern shows a consolidation if the currency breaks 1.5720 bearish pattern can be confirmed. Momentum is seen trending down .which is supported by stochastic but the currency is seen trading above the fast moving so only break out of the consolidation levels can confirm the trend.

Pound is expected to trade in the range of 1.9750-1.9890.With good support seen at 1.9740 and key resistance is seen at 1.9900 levels. Chart pattern indicates the currency to be on a mixed note for the day. Stochastic and Relative Market strength index is pointing towards the bull trend .Currency is also seen trading above the fast moving averages confirming the bull trend.