Morning Report

Today, the pair is stable below the bottom of the suggested (B) point of the harmonic structure, which could be a Butterfly harmonic pattern if completed. But, Stochastic attemptsto breach thelevel of 50.00, which requires consolidation below 1.0185 and 1.0140 to confirm the validity of the downside movement. In general, our negative expectations remain validso long as the pair is stable below 1.0185 with 4-hour closing.

The trading range for today is among the major support at 0.9970 and the major resistance at 1.0205.

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 below 1.0140, and take profit in stages at (1.0070 and 1.0010) and stop loss with 4-hour closing above 1.0185 might be appropriate.