Morning Report

The pair declined again, and it is currently stable below 1.2790, which represents 224% Fibonacci of the bullish wave that started at the level of 1.2945 and ended at 1.3198. Consolidation below the mentioned level suggests the extension of the downside movement towards 161.8% Fibonacci at1.2665, supported by the negativity seen on MACD.

The trading range for today is among the major support at 1.2535 and the major resistance at 1.3000.

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

Support1.27201.26651.26201.25701.2535
Resistance1.27951.28201.28751.29001.2955
RecommendationBased on the charts and explanations above, our opinion is selling the pair around 1.2790, and take profit at 1.2665 and stop loss with 4-hour closing above 1.2875 might be appropriate today