The pair is stable above 1.3000, which represents 161.8% Fibonacci and the exponential moving average 50. Furthermore, the pair breached the main resistance of the downside movement, which indicates that the pair could perform an upside correction, taking the pair towards 1.3120 and maybe 1.3210. The negativity seen on Stochastic could trigger heavy fluctuations during the upside correction.
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**
|Recommendation||Based on the charts and explanations above, our opinion is buying the pair around 1.3000, and take profit in stages at (1.3120 and 1.3220) and stop loss with 4-hour closing below 1.2900 might be appropriate today|