This upside move attempts to breach the descending channel organizing the intraday bearishness. We remain neutral for today observing the pair around the mentioned areas, as the confirmed breach signals that the downside correction settled for 38.2% of the bullish wave and negates the current bearish pattern.

The trading range for today is among the major support at 1.3910 and the major resistance at 1.4360.

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

The pair breached the descending channel’s resistance and the SMA 50 which is a strong recovery signal and return to the upside after correcting 50% of the upside move from 1.5342 to 1.6745. The pair found strong resistance at the retest of the breached main support that now is a resistance at 1.6330 and supported by momentum indicators.We need to observe trading around the critical levels at the mentioned retest and the support at 1.6210 for more confirmations.

The trading range for today is among the major support at 1.6100 and the major resistance at 1.6520.

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

The pair is steady above the SMA 50 and within the minor ascending channel as Stochastic restrict the upside move which keeps trading within a tight range. We expect an intraday upside move today targeting 83.50 that requires stability above 81.55 so that targets will not be postponed.

The trading range for today is among the major support at 80.20 and the major resistance at 83.50.

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

The pair consolidated below the mentioned support at 0.8740, the initial confirmation for the resumption of the intraday bearishness for today. Momentum indicators are positive which keeps the volatility around current levels before moving towards targets at 0.8650 and 0.8550.

The trading range for today is among the major support at 0.8600 and the major resistance at 0.8945.

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

The pair settled for the third respective day around the 61.8% Fibonacci correction, confirming the ongoing bearish pressure n the pair. Trading is still within the minor ascending channel and accordingly we preserve our intraday bullish expectations for today, though we should note that the negative pressure might push the pair to the downside once again to settle for the correction seen for now.

The trading range for today is among the major support at 0.9615 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.