The pair continues its negative trading to break 1.2970 and break below it, which makes us prefer witnessing more downside moves in the upcoming period, supported by the EMA50, where the next potential targets are located near 1.2700

Stochastic provides positive signals that might assist in retesting 1.2970 – 1.3000 and the attempts to return the bullish bias again.

Expected trading range for today is between: 1.2800 support and 1.3035 resistance.

Expected trend for today: Bearish

The pair retested 0.8300 and bounced lower to resume the negative effect of the morning mentioned double top pattern, where our bearish trend expectations remain valid and active for today conditioned by the stability below 0.8360.

Expected trading range for today is between: 0.8050 support and 0.8360 resistance.

Expected trend for today: Bearish

The pair continues its bearish pressure on the intraday basis, reinforcing our expected bearish trend expectations for today, keeping the morning suggested scenario valid for today unless witnessing a breach and stability with a daily close above 0.9975

Expected trading range for today is between: 0.9825 support and 1.0100 resistance.

Expected trend for today: Bearish

The negative pressure remains dominating the intraday trading of crude oil, and price continues to approach 94.65 level, which represents the key factor to keep our positive overview valid on the short term basis.

Thus, the morning expectations remain valid unless the mentioned level was broken.

Expected trading range for today is between: 93.45 support and 97.70 resistance.

Expected trend for today: Bullish