This level resides with the MA 50, which adds more strength to this resistance and forces the pair to the downside. In case of the downside reversal, the bearish pattern mentioned in our weekly report was completed and now we await the intraday confirmation from the pair. We recommend observing trading today around the critical areas at 1.4325 support -proposed neckline- and the resistance at 1.4455.

The trading range for today is among the major support at 1.4285 and the major resistance at 1.4600.

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

The pair is approaching the first target at 1.6455, while Stochastic is entering overbought areas, which might temporary halt the move when reaching the target. The stability of the ascending channel’s support and stability above the MA 50 favors the general upside move for today which requires the clear breach and stability above 1.6455.

The trading range for today is among the major support at 1.6255 and the major resistance at 1.6635.

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

The pair is maintaining stability above 80.7 where the MA 50 and the negativity on Stochastic support the resistance. Therefore, we expect a downside move today targeting areas at 79.00 and breaching 79.65 will accelerate the move and activate the suggested scenario.

The trading range for today is among the major support at 78.00 and the major resistance at 81.40.

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

The chart above shows the sideways range controlling the pair between 0.8320 and 0.8455 after the stability of 23.6% Fibonacci correction. We see chances for further intraday bearish movement today supported by trading below the MA 50; targets start at 0.8170 then 0.8100 and require the clear breach of 0.8320 and stability below 0.8455.

The trading range for today is among the major support at 0.8180 and the major resistance at 0.8455.

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

The pair is attempting to breach the support for the ascending correctional channel shown above, supported by trading below the MA 50 and the downside move on Stochastic. Therefore, we expect the pair to move to the downside today, which requires a clear breach of 0.9710 for confirmation that will carry the pair back to the general downside move gateway at 0.9625. Breaching areas of 0.9770 with stability above it will delay the scenario.

The trading range for today is among the major support at 0.9565 and the major resistance at 0.9845.

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