On the other hand, today’s opening was noticeably positive as the breach of the retest areas at 1.4325 completed a possible bullish pattern that might extend the upside move and signals that the pair settled for the seen correction for now. This conflict makes us remain neutral today observing the closing around the critical retest levels mentioned.

The trading range for today is among the major support at 1.4155 and the major resistance at 1.4500.

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

The MA 50 halted the upside move for the pair yesterday and the closing was below the support for the main ascending channel shown above. Therefore, we still expect an intraday downside move today supported by the negativity on Stochastic. Breaching the resistance areas of 1.6225-45 and stability above it will open the way for returning to the general upside move once again.

The trading range for today is among the major support at 1.6000 and the major resistance at 1.6400.

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

The tight sideways ranged trading continues to dominate the movement since last week for the pair, and looking at the chart for the past five days, we can barely see any difference. The MA 50 continues the negative pressure alongside the support awaited to be breached, which is also the neckline for a negative pattern, at 79.65 all support expectations for an intraday downside move today which requires stability below the MA 50 and the clear breach of the mentioned neckline targeting areas of 79.00 and 78.00.

The trading range for today is among the major support at 78.40 and the major resistance at 81.50.

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

The pair continued the negative pressure to breach 23.6% Fibonacci correction that turned into support after its previous breach, alongside stability below the MA 50. Therefore, we expect the pair to resume the downside move within the main descending channel that temporary stopped for the upside correction that earlier settled for 38.2% correction. The positivity on Stochastic might keep the fluctuation and volatility around the MA 50 for some time.

The trading range for today is among the major support at 0.8300 and the major resistance at 0.8540.

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

The pair is attaching the support for the ascending channel shown above since the last hours of trading yesterday, where the MA 50 was strong support for the pair and prevented more downside movement until now. In general, the breach and four-hour closing below this support and the bearish pattern shown above and our expectations for an intraday downside move today which requires the clear breach of 0.9780-70 areas and stability below 0.9845 targeting areas of 0.9600.

The trading range for today is among the major support at 0.9600 and the major resistance at 1.0055.

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