The pair traded narrowly yesterday, yet it was negatively biased. But, this slight decline failed to pressure the pair below 1.0205 and 1.0185, which in result supports our bullish expectations to remain valid. Stochastic is positive, while forming the triangle structure is still available and supports the return of the upside move.Stability below 1.0185 weakens our bullish outlook, while coming below 1.0070will negate our expectations.
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**
|Recommendation||Based on the charts and explanations above, our opinion is buying the pair around 1.0205, and take profit in stages at (1.0305 and 1.0400) and stop loss with 4-hour closing below 1.0100 might be appropriate|