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**

Previous Report

Weekly Report

Support1.02751.02051.01851.01401.0100
Resistance1.03051.03401.03751.04001.0475
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