Morning Report

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**

Previous Report

Weekly Report

Support1.03651.03051.02751.02551.0205
Resistance1.04001.04751.04951.05201.0570
RecommendationBased 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