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

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