In general, stability above this support and the SMA 50 support our expectations for an intraday bullish move today targeting areas around 1.4600. A breach and stability below 1.4445 delays the upside scenario and will push the pair south to unload the negative momentum.

The trading range for today is among the major support at 1.4300 and the major resistance at 1.4725.

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

The pair is still hovering around the critical support at 1.6250 and finding difficulty in moving higher due to the negativity on Stochastic. Therefore, we expect the volatility to prevail until the pair acquires the needed positive momentum to resume the intraday upside move expected for today supported by the SMA 50 and targets 1.6500. Breaching areas of 1.6250 and stability below it might push the pair south initially towards 1.6150.

The trading range for today is among the major support at 1.6150 and the major resistance at 1.6500.

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

The pair reached 38.2% Fibonacci correction once again which continues to offer good support for the pair. This level supports the resumption of the upside correction supported by the SMA 50 and Stochastic entering overbought areas. Therefore, we see the likelihood for the pair to resume the upside correction targeting next 50% correction at 85.65, yet breaching 83.50 will push the pair to the downside further to retest the breached resistance for the descending channel that currently turned into support at 81.65.

The trading range for today is among the major support at 82.70 and the major resistance at 85.65.

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

The pair continues to trade with a downside bias and we can notice the stability below the psychological 0.9000 areas; momentum indicators are still oversold and that is further restricting the move towards the previously suggested downside targets. The SMA 50 offers downside pressure on the pair and accordingly we favor the continuation of the downside move targeting the return to the main downside wave through the support at 0.8840 –the resistance for the previously breached descending channel- and stability below 0.9105 is essential for our expectations to prevail.

The trading range for today is among the major support at 0.8800 and the major resistance at 0.9105.

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

The pair breached again the resistance for the intraday descending channel and approached retesting the breached support at 0.9665 while momentum indicators are approaching overbought areas. Trading is currently around the SMA 50 which is preventing the pair from the resuming the upside move. In general, we expect an intraday downside move affected by trading within the main descending channel targeting areas from 0.9500 then 0.9400. Breaching areas of 0.9665 will delay the bearish targets.

The trading range for today is among the major support at 0.9400 and the major resistance at 0.9740.

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