Morning Report

The pair continued to decline to currently settle below the bottom of the suggested X point of the harmonic structure at 0.9303, which suggests that the downside movement could continue in order to complete the formation of the CD leg. The level of 0.9225 is the first barrier facing the downside movement, while the level of 0.9125 represents the suggested target of the downside movement.

The trading range for today is among the major support at 0.9125 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**

Previous Report

Weekly Report

RecommendationBased on the chart and explanations above, our opinion is selling the pair below 0.9300, and taking profit in stages at (0.9225 and 0.9125) and stop loss with a 4-hour closing above 0.9400 might be appropriate