We might see some volatility due to the positivity on momentum indicators, taking into consideration that a daily closing above 1.4155 will delay awaited targets mainly around 1.3910.

The trading range for today is among the major support at 1.3970 and the major resistance at 1.4325.

The short-term trend is to the upside with steady daily closing above 1.2795 targeting 1.5135.

The pair rushed to the downside after consolidating at the breached support for the ascending channel that now is a resistance at 1.6200, while momentum indicators are still in oversold areas and pressuring the pair to the upside. In general, we preserve our morning scenario as far as the daily closing is steady below 1.6200.

The trading range for today is among the major support at 1.6000 and the major resistance at 1.6400.

The short-term trend is to the upside with steady daily closing above 1.5315 with targets at 1.7000.

The pair started the downside move after fluctuating around the MA 50 since yesterday, supported by the negativity on Stochastic. Therefore, we hold onto our morning scenario for today while reminding of the importance of stability below 81.15 for our expectations to prevail.

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

The short-term trend is to the downside as far as 89.35 remains intact with targets at 77.70.

The pair reached 38.2% Fibonacci correction this morning and started the downside move awaited, supported by the negativity on Stochastic. Our morning scenario was activated and remains valid with stability below 0.8540-50.

The trading range for today is among the major support at 0.8320 and the major resistance at 0.8670.

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

The pair is currently attaching the resistance for the sideways range at 0.9845 and a breach of which will activate the bullish scenario. We need a clear breach with an initial hourly closing to confirm the upside move and accordinglywe hold onto our morning scenario for today and remind you of the importance to observe trading around the critical levels highlighted in the previous report.

The trading range for today is among the major support at 0.9565 and the major resistance at 0.9845.

The short-term trend is to the downside as far as 1.0665 remains intact targeting 0.9000.