Morning Report

The pair is trading outside the scope of the short-term upside move as shown above on the chart, but 23.6% Fibonacci correction at 0.9315 was able to stop the pair's negative momentum. Stochastic could trigger some bullishness to retest the exponential moving averages 20 and 50 around 0.9375, and maybe the pair could extend the bullishness towards 0.9400. However, any trading below 0.9440 supports the downside correctional movement to remain valid.

The trading range for today is among the major support at 0.9235 and the major resistance at 0.9520.

The short-term trend is to the upside with steady weekly closing above 0.8850 targeting 0.9950.

**New York Candlesticks**

Previous Report

Weekly Report

Support0.93300.92900.92600.92350.9195
Resistance0.93750.94000.94400.94900.9520
RecommendationBased on the chart and explanations above, our opinion is selling the pair below 0.9400, and take profit in stages at (0.9315, 0.9290 and 0.9235) and stop loss above 0.9490 might be appropriate.