We remain neutral for now and observe the pair for more signs for the next move. For more details regarding the conflicting signals we recommend returning to our morning report.

The trading range for today is among the major support at 1.3910 and the major resistance at 1.4395.

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

The pair rushed strongly to the upside to retest the breached support for the ascending channel, while the SMA 50 was strong resistance against the pair and pressured it to the downside. There is a possibility for the pair to return to the upside once again, settling for the downside correction for now, while Stochastic is moving within overbought areas. Therefore, we remain neutral for the rest of the rest of the day and await the daily closing regarding the sensitive 1.6255 areas.

The trading range for today is among the major support at 1.6000 and the major resistance at 1.6320.

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

The pair started to move to the upside consolidating around 81.00, while the SMA 50 is strong resistance against the pair as shown above. In general, we expect the upside correction to continue as we mentioned this morning, while stability above 80.50 is essential for our expectations to prevail. 

The trading range for today is among the major support at 79.80 and the major resistance at 83.50.

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

The pair is trading with positivity since morning affected by Stochastic which started now to lose the upside momentum and approaching overbought areas. Therefore, our expectations remain valid as far as stability is below 0.8900.

The trading range for today is among the major support at 0.8650 and the major resistance at 0.8945.

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

The pair moved gradually to the downside towards the breached neckline at 0.9710 affected by the negativity on momentum indicators. Therefore, our morning expectations remain valid as far as stability is above 0.9710 so that the suggested scenario is not postponed.

The trading range for today is among the major support at 0.9630 and the major resistance at 0.9970.

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