The pair is currently stable in areas below 1.0275 again, while it is also stable between the exponential moving average 20 and 50. The negative bias seen yesterday is still limited in areas above the ascending main support level, but also below the critical level mentioned above. Therefore, we remain neutral today, awaiting more confirmations, where consolidation above 1.0275 suggests the return of the upside move, while a breach of 1.0140 could trigger a deep correction.
The trading range for today is among the major support at 1.0140 and the major resistance at 1.0400.
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, we remain neutral awaiting more confirmations|