Morning Report

The pair failed to settle above the neckline of the bullish structure, but at the same time it consolidated above the exponential moving averages 20 and 50, while Stochastic is positive. The relative strength index is stable above the 50-point level. All these signs together drive us to expect the pair to provide another attempt to turn positive, while 4-hour closing above 1.0255 should confirm our bullish outlook.

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**

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Weekly Report

RecommendationBased on the charts and explanations above, we recommend buying the pair around 1.0185, 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