Morning Report

The pair didn't provide any 4-hour closing below the level of 1.0070, which supported the pair to settle above the ascending main support again, and in result triggered the strong bullish wave seen yesterday. The incline seen left the pair above the exponential moving averages 20 and 50 and also above 38.2% Fibonacci correction at 1.0185. The pair is expected to extend the upside move during the session today, while any 4-hour closing above 1.0275 could confirm the suggested bullishness.

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

Support1.02051.01851.01401.01001.0070
Resistance1.02751.03051.03651.04001.0475
RecommendationBased on the charts and explanations above, our opinion is buying the pair around 1.0205, and take profit in stages at (1.0305 and 1.0400) and stop loss with 4-hour closing below 1.0100 might be appropriate