Morning Report

The pair reached areas around 1.3035, but as shown above on the chart, it failed to provide any 4-hour closing above this level. At the same time, the pair is still stable above the moving averages and above the support level of 1.2960. Stochastic is negative, while RSI is within overbought areas, but the moving averages are trading positively. Therefore, we will stay aside for the rest of the session today.

The trading range for today is among the major support at 1.2795 and the major resistance at 1.3195.

The short-term trend is to the downside with steady daily closing below 1.3145 targeting 1.2220.

**New York Candlesticks**

Previous Report

Weekly Report

Support1.29601.29051.28751.28401.2795
Resistance1.30351.30801.31201.31601.3195
RecommendationBased on the chart and explanations above, we remain neutral awaiting more confirmations