Morning Report

The pair declined again after it failed to settle above the level of 1.2795. But, Stochastic approaches oversold areas quickly, while the level of 1.2795 is still intact. Therefore, we expect the pair to provide another bullish attempt today as long as the pair is stable above 1.2665.

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

RecommendationBased on the charts and explanations above, our opinion is buying the pair around 1.2720, and take profit in stages at (1.2790 and 1.2875) and stop loss with 4-hour closing below 1.2665 might be appropriate today