Stochastic continues to offer negative signals that are restricting the upside move, yet in general, the stability above 23.6% and the support from the MA 50 support the expected upside move for today targeting mainly 1.4800. Our expectations require stability above 1.4455.

The trading range for today is among the major support at 1.4455 and the major resistance at 1.4800.

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

The pair declined yesterday affected by the negativity on Stochastic that added more strength to the minor descending channel’s resistance shown above. We have conflicting technical signals, where we see signs of a bearish pattern with the neckline at 1.6300 supported by trading below MA 50, which might drive the pair towards 1.6150; meanwhile, Stochastic is offering positive signals that might support the pair in returning to the general upside move. Therefore, we remain neutral for today and observe trading around 1.6300 and 1.6475.

The trading range for today is among the major support at 1.6150 and the major resistance at 1.6550.

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

The pair found good support at 80.00, which halted the attempts to return to the downside move from 79.60 areas. The positivity on Stochastic might cause some volatility and an upside bias to retest 80.75 before resuming the intraday downside move expected for today targeting 79.00 and 78.00. Stability below 80.75 – 81.10 is required for our expectations to prevail. 

The trading range for today is among the major support at 78.00 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 is trading around the resistance for the minor descending channel that dropped to 0.8370, while Stochastic is trending lower over four-hour basis. Therefore, we expect an intraday downside move today targeting the support for the main descending channel at 0.8230; the breach and stability above 0.8370 will delay our expected targets.

The trading range for today is among the major support at 0.8150 and the major resistance at 0.8475.

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

Trading is still between the 61.8% correction and 76.4% and therefore, we still do not have a clear direction for the pair. We remain neutral today and recommend observing the pair around the critical levels mentioned in our weekly report to determine the next move.

The trading range for today is among the major support at 0.9645 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.