Morning Report

The pair is still stable below 78.6% Fibonacci correction of the downside movement, which started from 1.0657 and ended at the bottom of 0.9894. Stochastic is excessively overbought, which drives us to expect a downside correctional movement today, which remains possible as long as the pair is stable below 1.0570.

The trading range for today is among the major support at 1.0275 and the major resistance at 1.0690.

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

RecommendationBased on the charts and explanations above, our opinion is selling the pair around 1.0450, and take profit in stages at (1.0365 and 1.0310) and stop loss with 4-hour closing above 1.0495 might be appropriate