The pair traded within narrow levels during the Asian session today and also during yesterday's session, where the pair is stable in areas around 78.6% Fibonacci correction of the upside wave, which started from the bottom of 1.3145 and ended at the top of 1.4247. We still expect an upside move today, but 4-hour closing above 1.3435 is required. A breach of 1.3270 and 4-hour closing below it could be sufficient to negate the upside move over intraday basis.
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**
|Recommendation||Based on the charts and explanations above, our opinion is buying the pair around 1.3380, and take profit in stages at (1.3515 and 1.3695) and stop loss with 4-hour closing below 1.3270 might be appropriate|