This negativity might pressure a slight downside correctional move towards 1.4600 before resuming the intraday upside move today targeting 1.4850. Stability above 1.4600-1.4580 is required for our expectations to prevail.

The trading range for today is among the major support at 1.4580 and the major resistance at 1.4900.

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

The pair is stable above the first correctional 23.6% level supported by the SMA 50 in addition to the positive momentum on Stochastic. Therefore, we see the likelihood for a bullish move today targeting 1.6700. Meanwhile, breaching 1.6450 will extend the downside correction.

The trading range for today is among the major support at 1.6360 and the major resistance at 1.6700.

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

The pair is slowly moving to retest the support that descended to 81.05 accompanied with clear oversold signs on Stochastic. Therefore, we preserve the scenario suggested in our previous reports, as we believe the pair will continue the upside move and rebound from the retest areas in an intraday bullish move today resuming the bullish correction that was initiated with the breach of the resistance for the mentioned channel. Breaching areas of 81.05 and stability below it will reestablish the general bearishness for the pair.

The trading range for today is among the major support at 80.75 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 continues to trade under the negative pressure reaching 0.8700 while momentum indicators provided clear oversold signals supporting the strength of the support. This positivity is expected to push the pair higher in a slight correction before initiating the intraday bearish move expected today targeting 0.8600 and 0.8500. Breaching 0.8900 will extend the upside move towards the downside channel’s resistance around 0.9080.

The trading range for today is among the major support at 0.8500 and the major resistance at 0.8900.

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

The pair resumed the downside move after correcting 38.2% of the last downside wave as shown on the chart above. Momentum indicators are hovering within oversold areas which might increase the fluctuation with a slight upside move before resuming the intraday downside move expected today towards 0.9350 and 0.9300. Breaching 0.9555 will extend the upside correction towards 0.9615-0.9665.

The trading range for today is among the major support at 0.9300 and the major resistance at 0.9665.

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