Morning Report

As we mentioned in our previous report, we indicated that we need for 4-hour closing above 1.3435 in order to confirm our positive outlook; however, the pair didn't provide this closing. But, as long as the pair is stable above 78.6% as shown above, we will wait for the mentioned closing above 1.3435 which if seen could trigger an upside move today. Our bullish expectations depend on the falling wedge pattern, which is a bullish pattern shown above on the chart.

The trading range for today is among the major support at 1.3080 and the major resistance at 1.3620.

The short-term trend is to the upside with steady daily closing above 1.2795 targeting 1.5135

**New York Candlesticks**

Previous Report

Weekly Report

RecommendationBased on the charts and explanations above, our opinion is buying the pair with 4-hour closing above 1.3435, and take profit in stages at (1.3515 and 1.3695) and stop loss with 4-hour closing below 1.3315 might be appropriate