Morning Report

The pair is trading around the same levels since yesterday, and the narrow trading stance is clearly illustrated on chart. We prefer staying aside this morning avoiding the current slow market conditions, and preferably awaiting a breakout of the tight range that has been controlling the pair movement.

The trading range for this week is among the major support at 1.2790 and the major resistance at 1.3400.

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 , we recommend staying aside awaiting further confirmations.