Morning Report

The pair inclined to settle again above 1.2665, and in result it didn't provide any daily closing below this level, which negates the breach seen with the start of this week. Therefore, we expect the pair to incline again, despite the several barriers facing the upside move, where the pair is still trading below the exponential moving averages, but trading above the mentioned level supports our bullish outlook to remain valid.

The trading range for today is among the major support at 1.2535 and the major resistance at 1.2900.

The short-term trend is to the upside with steady daily closing above 1.2220 targeting 1.3145

**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 buying the pair around 1.2665, and take profit in stages at (1.2720 and 1.2875) and stop loss with 4-hour closing below 1.2620 might be appropriate today