Morning Report

The pair is stable between the exponential moving averages 20 and 50, and also below 1.0275, but on the other hand the pair is now above the main ascending support level at 1.0185. Stochastic and the relative strength index are negative, but a breach of the mentioned support level is required for this negativity, but stability above 1.0275 could negate the downside movement and force positive effects on the pair. Therefore, we remain neutral now, awaiting more confirmations.

The trading range for today is among the major support at 1.0070 and the major resistance at 1.0490.

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
Resistance1.02751.03051.03751.04001.0475
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations