Morning Report

According to the weekly interval, we find the pair returned and confirmed the stability above 50% Fibonacci of the CD leg of the Deep Crab harmonic pattern. Consolidation above this level at 0.9400 suggests the extension of the upside move during the coming period. Today, stability above 0.9480 is necessary to confirm our expectations over intraday basis.

The trading range for today is among the major support at 0.9375 and the major resistance at 0.9785.

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

RecommendationBased on the chart and explanations above, our opinion is buying the pair above 0.9480, and take profit in stages at (0.9630 and 0.9740) and stop loss below 0.9375 might be appropriate.