Morning Report

The pair is currently stable in areas between the exponential moving average 20 and 50, yet above the main support of the upside move around 0.9330. These signs drive us to hold onto our positive expectations as they are. The Relative Strength Index is trading negatively below the 50-point level, which in result suggests that a 4-hour closing below 0.9235 could activate the negativity.

The trading range for today is among the major support at 0.9235 and the major resistance at 0.9495.

The short-term trend is to the upside with steady weekly closing above 0.8020 targeting 0.9400.

**New York Candlesticks**

Previous Report

Weekly Report

Support0.93500.93300.92900.92600.9235
Resistance0.93850.94000.94400.94950.9520
RecommendationBased on the chart and explanations above, our opinion is buying the pair around 0.9330, and take profit in stages at (0.9490, 0.9590 and 0.9660) and stop loss below 0.9235 might be appropriate