We have a bearish technical formation pressuring the pair south to the support for the main ascending channel at 1.4280 while Stochastic provided positive signals confirming the general upside trend for this week targeting areas from 1.4600 then 1.4725. The breach and stability below 1.4280 will trigger a temporary downside correction.

The trading range for this week is among the major support at 1.4200 and the major resistance at 1.4725.

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

The pair is stable above the critical support at 1.6250 -76.4% Fibonacci correction previous breached- in addition to positivity on Stochastic supporting trading within the short term ascending channel. From here, we expect the upside move to continue this week targeting 1.6585 then 1.6690, while breaching 1.6250 will delay the expected targets.

The trading range for this week is among the major support at 1.6110 and the major resistance at 1.6690.

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

The pair continues to trade steadily below 38.2% correction at 83.50 while the SMA 50 supports the pair and preventing further decline supported by the positivity on Stochastic. Trading is mixed and we recommend observing the pair awaiting more confirmations and observe the pair around the 83.50 resistance and 82.75 support, where breaching the latter will push the pair to retest the previously breached resistance for the minor descending channel now support at 81.45.

The trading range for this week is among the major support at 80.60 and the major resistance at 85.65.

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

The pair is still trading with a downside bias with difficulty in passing the critical support at 0.8900. The main descending channel controlling the current wave and the negative pressure from the SMA 50 support our bearish expectations for the week targeting 0.8750 then 0.8670. Breaching areas of 0.9015 with stability above it delays the targets.

The trading range for this week is among the major support at 0.8670 and the major resistance at 0.9105.

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

The pair is trading in a tight range since breaching the critical support at 0.9665 while trading continues within the main descending channel protected by the SMA 50. In general, we expect the downside move to continue this week targeting areas around 0.9400. Our expectations require stability below 0.9740 to prevail.

The trading range for this week is among the major support at 0.9400 and the major resistance at 0.9740.

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