Morning Report

The pair has declinedbreaching the ascending main support level, where this breakout weakens the formation of the technical structure mentioned in our weekly report. Stochastic and the Relative Strength Index are negative, but on the other hand,stability above 1.0070 prevents us from confirming the downside movement. Therefore, we remain neutral and negate our weekly expectations in case the pair tests areas around 1.0185.

The trading range for today is among the major support at 0.9970 and the major resistance at 1.0275.

The short-term trend is to the downside as far as 1.0665 remains intact targeting 0.9000.

**New York Candlesticks**

Weekly Report

Support1.01001.00701.00250.99700.9905
Resistance1.01851.02051.02551.02751.0305
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations