Momentum indicators are trading in overbought areas which might increase the volatility with some downside tendency. In general, we expect further intraday bullishness today targeting the psychological 1.5000 areas. Breaching 1.4750 will opened the door for the downside correction towards 1.4635before resuming the bullishness.

The trading range for today is among the major support at 1.4750 and the major resistance at 1.5150.

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

The pair reached the targets awaited yesterday and broke through the minor ascending channel’s resistance that carried trading from the support for the main ascending channel to it resistance. This breach is a strong indication for the resumption of the intraday bullishness for today targeting 1.6830 then the sensitive resistance at 1.7000. The negativity on momentum indicators might pressure the pair to retest 1.6675 and stability above it is the key to acquire the upside targets.

The trading range for today is among the major support at 1.6590 and the major resistance at 1.7000.

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

The pair is still caught between the SMA 50 and the retest for the breached descending channel’s resistance at 81.00; meanwhile, Stochastic continues to offer positive signs supporting the continuation of the upside correction that started with the breach of the aforesaid areas. Therefore, we favor the upside move for today towards targets from 83.50 which requires stability above 81.00 and a clear breach of 82.55.

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 respected yesterday’s scenario and reached the awaited correction levels –strong resistance- supported by the SMA 50 and negativity on Stochastic. Therefore, we expect the intraday bearishness to dominate today towards 0.8600 and 0.8500 while stability below 0.8795 is essential to ensure not postponing the targets.

The trading range for today is among the major support at 0.8450 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 carried the awaited retest and the upside correction expected to stabilize below the SMA 50, activating yesterday’s scenario. Therefore, we see the likelihood for the intraday bearishness for today targeting 0.9300. Breaching 0.9515 will delay targets and drive the pair into upside correction.

The trading range for today is among the major support at 0.9300 and the major resistance at 0.9555.

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