Morning Report

The pair is currently stable in areas around 38.2% Fibonacci correction as shown above at 1.0185, accompanied with stability below the exponential moving averages 20 and 50 and also below the previously breached ascending main support. All these factors together drive us to hold onto our bearish outlook today, where consolidation below 1.0205 and 1.0185 could send the pair towards 1.0070, which if breached, a bearish technical structure should be completed and therefore the pair could extend the downside movement.

The trading range for today is among the major support at 1.0000 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

Support1.01401.01001.00701.00251.0000
Resistance1.02051.02551.02751.03051.0365
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