Morning Report

The bullish technical structure supported the retest of areas above the ascending main support shown above in red; while the pair is currently trading above 1.0255, which could support the upside move to extend further during the session today. Momentum indicators also support our expectations, while a breach of 50% Fibonacci correction as shown above on the chart could support the pair to move towards 61.8% Fibonacci correction.

The trading range for today is among the major support at 1.0185 and the major resistance at 1.0495.

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, our opinion is buying the pair around 1.0275, and take profit in stages at (1.0340 and 1.0475) and stop loss with 4-hour closing below 1.0180 might be appropriate