Morning Report

We mentioned in our previous report that we remain neutral due to the recognized harmonic structure which contradicts our expectations, and now this structure have been completed, but as shown above on the chart, the pair is trading now in areas below 0.9225 which supports the Crab harmonic pattern to return effective. This harmonic structure will be completed in areas around 0.9125, and requiresstability below 0.9305. Therefore, we expect a downside movement to control the pair's movement today, but due to the high risks associated to our expectations we remain neutral.

The trading range for today is among the major support at 0.9125 and the major resistance at 0.9365.

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 charts and explanations above we remain neutral, awaiting more confirmations