The negativity on the index is now pressuring the pair to the downside to resume the downside correction that will start with the breach of the neckline for the bearish pattern mentioned before. We expect a downside move today targeting 1.4000 and 1.3910, while breaching 1.4220 will weaken those expectations.

The trading range for today is among the major support at 1.3970 and the major resistance at 1.4325.

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

The pair is stable below the support for the main ascending channel which is adding more confirmations for the resumption of the downside correction over intraday basis. Some positivity on momentum indicators might push the pair to test areas between 1.6200-10 before moving towards targets from 1.6000 then 1.5880. Our expectations require stability below 1.6210 to prevail.

The trading range for today is among the major support at 1.5880 and the major resistance at 1.6280.

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

The pair ended yesterday below 80.75, supporting chances for returning to the general downside move once again, supported by the negativity from the MA 50 and Stochastic. Therefore, we expect an intraday downside move and require stability below 81.15. Breaching areas of 79.65 will accelerate the bearishness.

The trading range for today is among the major support at 79.00 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 found good support at 23.6% Fibonacci correction that now turned into support after its breach. This support prevented the pair from reaching the targets supported by the MA 50 and the positivity on Stochastic. We have signs of a bullish pattern with the neckline at 0.8540 and affected by the positive factors mentioned we expect an upside move today targeting the main descending channel’s resistance at 0.8665. Those expectations require the clear breach of 0.8540 and trading above 0.8455.

The trading range for today is among the major support at 0.8320 and the major resistance at 0.8700.

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

The pair fluctuated heavily yesterday around 76.4% Fibonacci correction around 0.9845 which was mentioned yesterday and was not able to set a daily closing above it. Stochastic is gradually unloading the downside momentum while trading continues within the intraday ascending channel supported by the MA 50. Therefore, we expect the intraday bullishness to continue and require the clear breach of 0.9845 and stability above 0.9770.

The trading range for today is among the major support at 0.9710 and the major resistance at 1.0000.

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