The pair tends to incline due to the positivity of stochastic to break the SMA 50, while the 23.6% Fibonacci correction represents a  resistance after it  was broken yesterday. We remain neutral for today to see if the pair continue trading within the minor bearish channel, or it will break the resistance to start an upside trend.

Trading range for today is among the major support 1.6125 and the major resistance 1.6520

The short term trend is to the upside with a steady daily closing above 1.5315 targeting 1.7000

The pair is trading within a narrow range since the morning, around the support which is expected to be breached at 80.75. Therefore, our morning expectations remain valid if the pair stabilizes below 81.50.

The trading range for today is among the major support 79.00 and the major resistance 82.50.

The short term trend is to the downside with stability of 89.35 targeting 77.70

The pair is trading within a narrow range since the morning approaching gradually the resistance of the minor bearish channel which is at 0.8480. Therefore, the suggested morning scenario remain valid supported by SMA 50.

The trading range for today is among the major support 0.8265 and the major resistance 0.8550.

The short term trend is to the downside with a steady daily closing below 1.0330 targeting 0.8000

Fibonacci correction 61.8% is restricting the pair from rising as the pair is trading below the level, this is considered a sign that the pair may reverse to the downside. However, EMA 50 is a support that stopped the pair from declining more. Therefore, we remain neutral for today and monitor the daily closing around the critical levels we mentioned in our morning report.

The trading range for today is among the major support 0.9565 and the major resistance 0.9970.

The short term trend is to the downside with a steady level at 1.0665 targeting 0.9000.