The pair rallied higher to settle above 1.5485 and stops yesterday’s suggested negative scenario, which makes the trading stuck again between the mentioned level and the bullish channel’ s resistance at 1.5670

Accordingly, we return to the neutrality waiting for surpassing one of the mentioned levels and followed by getting clearer signals for the next trend on the intraday and short term basis.

Expected trading range for today is between: 1.5360 support and 1.5685 resistance.

Expected trend for today: Neutral

The pair managed to close the daily candle stick above 1.3145 activating the positive scenario again, and the price now needs to breach and settle above 1.3200 to add more confirmation for these expectations.

The waited targets begin at 1.3245 and extend towards 1.3485, while achieving them requires holding above 1.3145 – 1.3105.

Expected trading range for today is between: 1.3050 support and 1.3400 resistance.

Expected trend for today: Bullish

Crude oil price continues to trade positively approaching from the resistance that we wait to be breached at 97.10, which represents a main key to reinforce the suggested positive scenario in our major technical reports.

The pair succeeded to breach the key resistance level 1.3145, attempting to confirm stability above it, and we need a daily close above it to confirm more upside trend.

Thus, it’s necessary to monitor the daily candlestick close according to the mentioned level.