Momentum indicators are still positive and accordingly we hold onto our positive intraday expectations for today targeting initially 1.4455 then 1.4545. Our expectations require stability above 1.4295.

The trading range for today is among the major support at 1.4150 and the major resistance at 1.4545.

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

The declined halted yesterday at 76.4% Fibonacci correction shown above; the pair rebounded to the upside approaching the retest of the breached neckline at 1.6455 accompanied by Stochastic entering overbought areas.We expect an intraday bearish move today targeting the support for the ascending channel at 1.6210 which requires stability below the retest areas mentioned above. We remind of the importance of observing the pair when reaching the support as mentioned in our weekly report.

The trading range for today is among the major support at 1.6210 and the major resistance at 1.6525.

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

The pair is stable below the main descending channel’s resistance that currently descended to 80.75. Accordingly,we favor the likelihood for the bearish intraday move supported by the negativity of SMA 50. Targets start from 79.00 and require stability below 80.75.

The trading range for today is among the major support at 78.40 and the major resistance at 81.90.

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

The pair is still moving within a tight range since yesterday, with volatility around the 23.6% Fibonacci correction. Stochastic is within oversold areas with the SMA 50 support ahead which supports the possibility for the upside correction extension; we still need confirmations for this move with the breach of 0.8795. Therefore, we remain neutral for now to observe the pair between the critical 0.8795 resistance and 0.8710 support.

The trading range for today is among the major support at 0.8550 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.

Yesterday’s closing was below the resistance for the main descending channel, yet we can see today’s opening above this resistance, yet the SMA 50 and 38.2% Fibonacci correction offer strong resistance ahead for the pair accompanied by the negativity on Stochastic. Those facts combined support the likelihood for the downside move today targeting 0.9500 then 0.9445. We should pay attention that the breach of 0.9710 will fail our expectations and extend the upside correction due to the bullish pattern which was mentioned in our report yesterday.

The trading range for today is among the major support at 0.9445 and the major resistance at 0.9770.

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