Trading is stable below the MA 50 and accordingly we expect the pair to resume the intraday bearishness targeting areas from 1.4040 and require stability below 1.4405.

The trading range for today is among the major support at 1.4090 and the major resistance at 1.4405.

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

Trading stabilized below the 50% Fibonacci correction at 1.6045 which is a good signal for resuming the intraday downside move today. Stochastic is gradually unloading the positivity and the MA 50 is pressuring the pair. The targets start mainly at 1.5880 then 1.5765.

The trading range for today is among the major support at 1.5765 and the major resistance at 1.6210.

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

The pair reached 23.6% Fibonacci correction from below, and reversed to the downside according to expectations and supported by the pressure from the MA 50. The recent trading has unloaded the positivity on Stochastic and accordingly we hold onto our intraday downside expectations for today which require initially the breach of 79.65 and stability below 80.75.

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 to trade within a tight range yesterday, while it maintained the stability below the MA 50 and the 23.6% Fibonacci correction. Therefore, we expect the pair to continue trading within the main descending channel and expect an intraday downside move today which first needs to exit the sideways range shaded in yellow above by breaching 0.8325 support areas. Breaching the areas of 0.8455 might delay the awaited downside move.

The trading range for today is among the major support at 0.8170 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 retested the support for the ascending correctional channel previously breached. We can also see the negative crossover on Stochastic after reaching overbought areas. Therefore, we expect an intraday downside move targeting areas around 0.9585 and require stability below 0.9845.

The trading range for today is among the major support at 0.9585 and the major resistance at 0.9900.

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