The pair inclined yesterday, but this incline was limited in areas below 1.0185 and also below the previously breached ascending main support, and also below the exponential moving averages 20 and 50, which have provided a negative crossover forthe first timesince July. Therefore, our negative outlook remains valid, and we expect the pair to decline again today.
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**
|Recommendation||Based on the charts and explanations above, our opinion is selling the pair below 1.0185, and take profit in stages at (1.0070 and 0.9970) and stop loss with 4-hour closing above 1.0255 might be appropriate|