Morning Report

The pair attempts to settle above the main support of the upside move, but until now it didn't confirmed stability above this level. Stochastic is currently negative within overbought areas. Consolidation above 0.9330 could support the pair to turn positive, but we remain neutral in our morning report, awaiting more confirmations.

The trading range for today is among the major support at 0.9180 and the major resistance at 0.9590.

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

RecommendationBased on the charts and explanations above we remain neutral, awaiting more confirmations