Morning Report

The pair attempts to breach the ascending main support level as shown above, which threatens the upside move, yet the pair is not stable below 1.0070 to confirm the negativity. At the same time, the RSI is negative and trades below the 50-point level, which is also a negative sign. Our previous positive expectations require consolidation above the critical support level shown in blue; however, as long as the pair attempts to breach this support level, we remain neutral now, awaiting more signs to confirm the bearishness

The trading range for today is among the major support at 0.9865 and the major resistance at 1.0275.

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

Support1.00701.00250.99700.99050.9865
Resistance1.01401.01851.02051.02751.0305
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations