Morning Report

Finally, the pair inclined to currently trade above the neckline of the bullish harmonic structure at 1.0205. Now, we await the pair to confirm stability above 1.0255 to support the upside move to continue. Stochastic is within overbought areas, which could trigger fluctuations and slight downside correction, but any trading above 1.0205 supports the possibility of the upside move, while consolidation above 1.0080 is required for our expectations to remain valid.

The trading range for today is among the major support at 0.9970 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.

**New York Candlesticks**

Previous Report

Weekly Report

Support1.02051.01851.01401.01001.0080
Resistance1.02551.02751.03051.03401.0375
RecommendationBased on the charts and explanations above, we recommend buying the pair around 1.0205, and take profit in stages at (1.0340 and 1.0475) and stop loss below with 4-hour closing below 1.0100 might be appropriate