The pair fluctuates in tight range since morning and retested the previously broken bullish channel’s support, keeping its stability below this support, which makes us continue in our expected bearish trend expectations for today, which remains valid conditioned by the stability below 1.5385 and 1.5485

Expected trading range for today is between: 1.5190 support and 1.5485 resistance.

Expected trend for today: Bearish

The pair remains fluctuating near the sideways range’s support 1.2970, while Stochastic attempts to contribute to stop the continuous downside track.

Until now, our neutral attitude remains valid waiting for clearer signals, reminding you that there is a contradiction between Stochastic and the EMA50.

Expected trading range for today is between: 1.2800 support and 1.3100 resistance.

Expected trend for today: Neutral

The pair’s affection by the bullish bias continues to achieve almost the second target by recording 132.45 which was suggested in the previous report, noticing the stability since morning at 132.00 affected by an intraday bearish wave.

If 132.45 settled as a resistance level against the current trading, we expect forming correctional wave which allows the price to settle through it towards 130.50, supported by Stochastic decline to approach from 50 level as appears in the above chart, while in case breaching above 132.50 there will be a possibility for renewing the positivity to reach 133.30 then 134.10 which forms historical resistance level against the price.

Expected trading range is between 131.50 and 132.50

Expected trend for today: fluctuating

The pair was affected by Stochastic decline towards 50 level to make the trading settles below the resistance level 156.60 to notice forming bearish wave since the morning trading, which allows the price to settle through this wave at 156.10, thus we continue in expecting the sideways trading to limit the price between 155.00 and the mentioned resistance level.

Carefully note that the pair remains affected by the bullish bias if the trading settled above the moving average 55 at 152.00, and the existence of the initial support level at 154.30 as appears in the above chart.

Expected trading range is between 155.000 and 156.60

Expected trend for today: bearish if the main resistance remains intact.