The pair resumes its negative trading heading towards the main target 1.5190, and Stochastic is approaching from providing a negative overlapping signal that supports our bearish trend expectations, which remain valid conditioned by the stability below 1.5400 – 1.5485.

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

Expected trend for today: Bearish

The pair effects by Stochastic negativity after a positive attempt to hit the critical resistance that we mentioned this morning at 1.3035, and we still waiting for surpassing one of the levels that represented by the mentioned resistance and the support 1.2970 to detect the next trend clearly.

Expected trading range for today is between: 1.2870 support and 1.3145 resistance.

Expected trend for today: Depends on the abovementioned levels

The pair’s trading settled in tight level recently towards the recorded top at 132.30 to limit the trading between this level and 131.70, which allows the trading to settle below the resistance level 132.70, thus we expect forming bearish bias through the near period if the resistance level settled to reach towards 130.80 then 129.60 which forms the initial support level which is supported by the moving average 55 as shown in the above image.

Stochastic is limited between 80 and 50 levels supporting the intraday sideways trading until forming a wave that assists it to achieve the previously suggested targets if the main resistance remained intact.

Expected trading range is between 130.80 and 132.70

Expected trend: bearish

The pair moved away from the main resistance of the bullish channel recording 155.35 approaching from the first and suggested target in our recent report towards 155.00

The pair remains affected by the bearish bias due to the stability of the resistance level waiting for achieving the first target, while breaking the initial support level will open the way to the second target around the moving average near 152.90, noticing a sharp decline for Stochastic to settle below 20 level which supports the negative overview of the near term trading.

Expected trading range is between 155.80 and 153.80

Expected trend: bearish