Morning Report

The pair inclined slightly yesterday, but it wasn't able to settle above 1.3000, where consolidation below the mentioned level suggests the extension of the downside move. Stochastic is within overbought areas, and attempts now to provide a negative crossover which supports our bearish outlook.

The trading range for today is among the major support at 1.2720 and the major resistance at 1.3220.

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

Support1.29001.28751.28451.27901.2720
Resistance1.29551.30001.30451.30801.3220
RecommendationBased on the charts and explanations above, our opinion is selling the pair below 1.3000, and take profit in stages at (1.2875 and 1.2790) and stop loss with 4-hour closing above 1.3120 might be appropriate