Morning Report

The decline seen stopped in areas around the support level of 1.2665, while the pair didn't provide any 4-hour closing below this level, which confirms the importance of this level to determine the pair's next move. Currently, the upside move is still available, as we expect the pair to attempt breaching the level of 1.2795 in order to head towards higher areas. Stochastic is less negative, while RSI is positive. These factors together drive us to expect another bullish attempt today.

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 (1.2795 and 1.2875) and stop loss with 4-hour closing below 1.2665 might be appropriate today