The pair rebounded to the upside yesterday to settle above 38.2% Fibonacci correction at 1.0185. This fact supports the possibility of an upside move during the session today, supported by the positivity seen on Stochastic. Consolidation above 1.0275 should confirm our bullish outlook, while a breach of 1.0070 should negate our suggested scenario.
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**
|Recommendation||Based on the charts and explanations above, our opinion is buying the pair around 1.0140, and take profit in stages at (1.0255 and 1.0305) and stop loss with 4-hour closing below 1.0070 might be appropriate|