We did not attain confirmations for the next move for the pair, as trading remains caught between the mentioned support and the retest for the ascending channel’s breached support; we also have conflicting signals on momentum indicators and accordingly we remain neutral today and await for more confirmations on the next move.

The trading range for today is among the major support at 1.4020 and the major resistance at 1.4455.

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

The pair is trading around the support for the main ascending channel at 1.6235 while momentum indicators are moving within oversold areas, supporting the likelihood for an intraday upside move targeting 1.6455; nevertheless, breaching the mentioned support will extend the downside correctional move.

The trading range for today is among the major support at 1.6110 and the major resistance at 1.6575.

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

The pair is trading within a tight range since yesterday, while stabilizing above the breached resistance for the descending channel shown above and also above the 23.6% Fibonacci correction. Therefore, we expect an intraday upside move today targeting initially 81.80 then 82.50 and require stability above 80.60.

The trading range for today is among the major support at 79.00 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 found difficulty in reaching the bullish pattern’s targets after intraday trading was caught within the rising wedge shown above. This pattern is negative by nature, especially after breaching the support level, while Stochastic is providing positive signals over four-hour basis. Therefore, we remain neutral today and observe trading around the critical 0.8780 support and 0.8900 resistance awaiting more confirmations for the direction, whether to continue the upside move or reverse to the downside to continue trading within the main descending channel.

The trading range for today is among the major support at 0.8665 and the major resistance at 0.9040.

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

The pair approached the proposed neckline for the bullish pattern at 0.9710 to complete the pattern, and a breach of which is need to activate the pattern. On the other hand, yesterday’s closing was below the SMA 50 and that forces us to observe the pair closely today to confirm the next move. Breaching 0.9710 will extend the move towards 0.9845 and 0.9915 while breaching 0.9605 with consolidation below it will revive the bearish trend once again.

The trading range for today is among the major support at 0.9445 and the major resistance at 0.9915.

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