Morning Report

The pair is still stable in areas below the ascending support level, which stopped the pair's positive momentum yesterday. At the same time, the pair is still stable above 23.6% Fibonacci correction at 1.0070. Therefore, the pair is still facing critical levels now, where the breach of the ascending main support level should be confirmed through breaching the mentioned Fibonacci correction, or trading above 1.0185 to confirm the return of the upside move. Therefore, we remain neutral today.

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

Support1.00701.00251.00000.99700.9905
Resistance1.01401.01851.02051.02751.0305
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations