The incline seen left the pair above the exponential moving averages 20 and 50, whilestability above 0.9400 supports our expectations for an upside move to remain valid. Stochastic provides a positive crossover in oversold areas which confirms our positive scenario.
The trading range for today is among the major support at 0.9235 and the major resistance at 0.9660.
The short-term trend is to the upside with steady weekly closing above 0.8020 targeting 0.9400.
**New York Candlesticks**
|Recommendation||Based on the chart and explanations above, our opinion is buying the pair around 0.9400, and take profit in stages at (0.9490, 0.9590 and 0.9660) and stop loss below 0.9290 might be appropriate|