Morning Report

The Pair declined sharply yesterday and breached 1.0275 and 1.0205 and trading settled below the EMAs and also below 38.2% correction shown above at 1.0185. At the same time, Stochastic is attempting to crossover positively and also stable above 1.0070 which is the main upside support shown above. Therefore, we remain neutral today awaiting more confirmations.

The trading range for today is among the major support at 0.9970 and the major resistance at 1.0365.

The short-term trend is to the downside as far as 1.0665 remains intact targeting 0.9000.

Morning Report

The Pair declined sharply yesterday and breached 1.0275 and 1.0205 and trading settled below the EMAs and also below 38.2% correction shown above at 1.0185. At the same time, Stochastic is attempting to crossover positively and also stable above 1.0070 which is the main upside support shown above. Therefore, we remain neutral today awaiting more confirmations.

The trading range for today is among the major support at 0.9970 and the major resistance at 1.0365.

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

Support1.01401.01001.00801.00801.0025
Resistance0.99701.02751.03051.03651.0400
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations