Morning Report

The pair declined indeed and settled below the 1.0185 level, which confirmed that the downside movement could extend during the session today. Consolidation below the mentioned level and below the exponential moving averages support our suggested negative scenario, especailly when the upside move has ended.

The trading range for today is among the major support at 1.0025 and the major resistance at 1.0305.

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 around 1.0185, and take profit in stages at (1.0070 and 0.9970) and stop loss with 4-hour closing above 1.0275 might be appropriate