Breaching this level will open the door toward continuation of  the intraday upside move today, targeting 1.4650. Stochastic negativity may make it more difficult for the pair to rise, while stability above 1.4290 is important to achieve these expectations.

Trading range for today is among the major support 1.4290 and the major resistance 1.4650

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

The negativity of stochastic index pushed the pair to the downside to stabilize below 1.6510, however, the 23.6% Fibonacci retracement formed  a good support especially after stochastic discarded its negativity, therefore, we expect an intraday upside move, while initial targets at 1.6600 if the pair stabilize above 1.6415.

The trading range for today is between the major support 1.6340 and the major resistance 1.6700.

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

The pair consolidated between the 23.6% Fibonacci correction level and 50 EMA as shown on the chart above, where we spotted a minor ascending channel that may be a continuous flag pattern, this indicates a possible continuation of the main downside trend which stopped lately for correction. We are still uncertain about the next direction for the pair due to these mixed technical signals. Therefore, we remain neutral for today until we have more accurate confirmation.

The trading range for today is among the major support 79.95 and the major resistance 82.50

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

The pair trading consolidated below the breached pivotal support at 0.8550, while stochastic is showing negative signs on four-hour basis, therefore, we expect intraday downside move affected by the downside channel as shown on image, main targets at 0.8300

The trading range for today is among the major support 0.8300 and the major resistance 0.8655.

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

The pair reached the breached resistance of the descending main channel which turned into support at 0.9675.  The pair couldn’t close below the level yesterday; this may delay going back to the downside trend. In general, we expect an intraday downside move today affected by the breached rising wedge and trading below the 50 EMA mentioning the steady 61.8% Fibonacci retracement level we explained in our weekly report. Initial targets start at 0.9565 then 0.9400 with stability below 0.9825 is important for these expectations to be valid.

The trading range for today is among the major support 0.9400 and the major resistance 0.9825

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