This pattern, alongside the stability above the resistance for the minor downside wave –shown in red- and accordingly we favor an intraday upside move today targeting mainly 1.4595; the breach of 1.4260 areas can pressure the pair to the downside to resume the bearish correction within the descending channel shown above.

The trading range for today is among the major support at 1.4220 and the major resistance at 1.4595.

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

The pair fluctuated around the breached support for the main ascending channel, and we can see the fluctuations on Stochastic that is currently trading in overbought areas. This factor and the negative pressure from the MA 50 favors the intraday downside move for the pair today targeting areas from 1.6000. The bearish scenario requires stability below 1.6225-45 to prevail.

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.

A new tight range candle has been added to the chart, and accordingly, no major change is seen on the pair since yesterday. The suggested scenario in our reports yesterday remains valid and we recommend returning to our previous reports for more details on the expected move.

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.

We can see the support for the minor upside wave which halted the downside move for the pair yesterday, this level was also supported by the positivity on Stochastic. Therefore, the pair might fluctuate around 38.2% Fibonacci at 0.8455 which is supported by the MA 50 before resuming the downside move today after the upside correction previously ended around 38.2% correction. Targets start at 0.8300 then 0.8710 and require stability below 0.8455.

The trading range for today is among the major support at 0.8250 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 found support at 50% Fibonacci correction around 0.9710 and pressured the pair to the upside, also supported by the positivity on Stochastic. Therefore, we might see a slight upside move today to test 0.9770 areas breached yesterday before resuming the intraday downside move expected for today and mainly targeting 0.9600 which is the gateway to the breached main downside move. Breaching 0.9810 might delay the expected targets.

The trading range for today is among the major support at 0.9600 and the major resistance at 0.9970.

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