Morning Report

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**

Weekly Report

RecommendationBased 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.