Morning Report

The pair is trading narrowly in areas around 161.8% Fibonacci of the correctional upside move, which started from 1.3211 and ended at the bottom of 1.3548, where this level stands at 1.3000. Stochastic attempts to provide a positive crossover, while the Relative Strength Index is unable to reflect clear positivity. The pair is also unable to settle above the exponential moving average 20, but at the same time, consolidation below 1.3000 is required to confirm the downside movement. Therefore, we remain neutral today, awaiting more confirmations.

The trading range for today is among the major support at 1.2875 and the major resistance at 1.3120.

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

Support1.30001.29751.29551.29101.2875
Resistance1.30451.30801.31001.31201.3160
RecommendationBased on the chart and explanations above, we remain neutral awaiting more confirmations