Morning Report

The downside movement stopped before reaching the critical areas of 0.9235, which drives us to expect the pair to provide another bullish attempt, but the exponential moving averages 20 and 50 attempt to provide a negative crossover. Therefore, trading again above 0.9350 is necessary to confirm the return of the upside move, where in case the pair was unable to settle above this level, the negative bias could continue.

The trading range for today is among the major support at 0.9110 and the major resistance at 0.9400.

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

Support0.92900.92600.92350.91800.9110
Resistance0.93300.93500.94000.94400.9490
RecommendationBased on the chart and explanations above, our opinion is buying the pair with 4-hour closing above 0.9350, and take profit in stages at (0.9490, 0.9590 and 0.9660) and stop loss below 0.9235 might be appropriate