Morning Report

The decline seen was limited in areas around the exponential moving average 20, yet despite that the pair returned to incline, but we can see how the pair is unable to settle above the level of 1.3035, which drives us to hold onto our negative expectations. RSI reversed to the downside, which supports our expectations.

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

RecommendationBased on the charts and explanations above, our opinion is selling the pair below 1.3035, and taking profit in stages at (1.2960 and 1.2840) and stop loss with 4-hour closing above 1.3080 might be appropriate