Morning Report

The pair declined sharply yesterday and reached the level of 1.0070, but this level was above to stop the pair's negative momentum. Stochastic and RSI are still negative and are trading below the 50-point level. Consolidation below the previously breached ascending main support and also below the level of 1.0185 led us to remain neutral today, awaiting further confirmation, where stability above 1.0185 supports the return of the positivity, while a breakout below 1.0070could support the extension of the downside movement.

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**

Previous Report

Weekly Report

Support1.01001.00701.00251.00000.9970
Resistance1.01401.01851.02051.02551.0275
RecommendationBased on the charts and explanations above, we remain neutral awaiting more confirmations