The pair closed the session yesterday above 61.8% Fibonacci correction at 1.0365, which suggests that the pair attempts to remain positive despite the negativity seen on momentum indicators. Therefore, our positive expectations remain valid unless we see a 4-hour closing below 1.0275.
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**
|Recommendation||Based on the charts and explanations above, our opinion is buying the pair around 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|