Morning Report

The incline seen is still limited in areas below the exponential moving averages 20 and 50 as shown on the daily chart. This consolidation could support the pair to return below the ascending main support level around 1.0185. Stability below this support level supports the downside movement to return again. A breach of 1.0275 andstability above is sufficient for the upside move to return.

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

RecommendationBased on the charts and explanations above, our opinion is selling the pair with 4-hour closing 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