Morning Report

Stochastic is negative, but the pair is stable above the exponential moving averages 20 and 50, and also above 50% Fibonacci correction at 1.0275, which is a critical technical barrier. Consolidation above the mentioned levels is positive, while a breach 1.0185 with 4-hour closing is required to negate our positive outlook.

The trading range for today is among the major support at 1.0185 and the major resistance at 1.0570.

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

Support1.03051.02751.02051.01851.0140
Resistance1.03651.04001.04751.04951.0570
RecommendationBased on the charts and explanations above, our opinion is buying the pair around 1.0275, and take profit in stages at (1.0375 and 1.0475) and stop loss with 4-hour closing below 1.0185 might be appropriate