Morning Report

The pair was able to gain positive momentum from areas around 1.0275 and then rebounded to the upside; while today the pair faces the level of 1.0365, where consolidation above this level could support the upside move to extend further. Stochastic is turning positive, while the relative strength index is stable above the 50-point level.

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**

Previous Report

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 1.0305, and take profit in stages at (1.0400 and 1.0570) and stop loss with 4-hour closing below 1.0205 might be appropriate