Morning Report

All the bullish attempts failed, and now the pair is stable below 0.9305 and also below the exponential moving averages 20 and 50, which drives us to expect that the pair could continue forming the harmonic structure through a downside movement today. Stochastic is negative which supports our expectations.

The trading range for today is among the major support at 0.9125 and the major resistance at 0.9405.

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

Support0.92600.92250.91800.91250.9080
Resistance0.93050.93650.94050.94300.9485
RecommendationBased on the chart and explanations above, our opinion is selling the pair around 0.9305, 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