Morning Report

The pair is trading above the ascending main support, but still, it didn't provide a breach of 1.0255. Furthermore, the return of the downside movement requires trading below this support level shown in red at 1.0025. Stochastic and RSI are within overbought areas, but the Exponential Moving Averages are positive and attempt to provide a positive crossover. Therefore, we remain neutral today, awaiting further confirmations.

The trading range for today is among the major support at 0.9905 and the major resistance at 1.0360.

The short-term trend is to the downside as far as 1.0665 remains intact targeting 0.9000.

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Weekly Report

RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations