Morning Report

Stability above 61.8% Fibonacci correction as shown above is a positive sign that drives us to expect more upside moves today, where consolidation above this level at 1.0365 negates the negative sign seen on Stochastic. All these factors together drive us to expect the upside move to extend further today, where this move could left the pair to retest areas around 1.0495 and maybe then testing areas around 1.0570.

The trading range for today is among the major support at 1.0205 and the major resistance at 1.0570.

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

Support1.03651.03051.02751.02551.0205
Resistance1.04001.04751.04951.05701.0620
RecommendationBased on the charts and explanations above, our opinion is buying the pair above 1.0365, and take profit in stages at (1.0400 and 1.0570) and stop loss with 4-hour closing below 1.0275 might be appropriate