The pair approaches again the ascending main support level at 0.9360, where despite the negativity seen on momentum indicators,stability above this level supports the return of the upside move. A breakoutbelow0.9330 could trigger a downside correction activating the negativity seen on momentum indicators.
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 0.8850 targeting 0.9950.
**New York Candlesticks**
|Recommendation||Based on the chart and explanations above, our opinion is buying the pair around 0.9375, and take profit in stages at (0.9490, 0.9590 and 0.9660) and stop loss with 4-hour closing below 0.9290 might be appropriate.|