Morning Report

The pair was able to consolidate above the main support level shown above in red, while the bullish technical structure continues to push the pair higher. Therefore, we expect the upside movement to continue over intraday basis, noting that Stochastic is negative, which could trigger fluctuations around the mentioned main support before reaching the targets around 1.0500.

The trading range for today is among the major support at 1.0185 and the major resistance at 1.0496.

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

Support1.02601.01851.01401.01001.0080
Resistance1.03051.03401.03751.04001.0440
RecommendationBased on the charts and explanations above, our opinion is buying the pair around 1.0260, and take profit in stages at (1.0360 and 1.0475) and stop loss with 4-hour closing below 1.0140 might be appropriate