Morning Report

The pair inclined again benefiting from 23.6% Fibonacci correction as shown above at 0.9315. This correction was able to push the pair above the exponential moving averages, which negated our negative expectations yesterday. Now, we will stay aside, where Stochastic is within overbought areas and the pair is still trading outside the scope of the upside move, and now we are waiting for further confirmation to specify the pair's next move.

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

Support0.94000.93750.93150.92900.9260
Resistance0.94400.94900.95200.95900.9600
RecommendationBased on the charts and explanations above we remain neutral, awaiting more confirmations