Morning Report

The pair declined after settling below EMA around 1.0205 and breaching the support level at 1.0185. The bearishness is expected to continue today, as RSI is trading below the 50-point level, while Stochastic is negatively biased. Consolidation below 1.0205 is necessary to confirm our intraday expectations.

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**

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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