The pair continues its sideways trading, keeping its stability above 0.9600, while it finds a difficulty to get a daily close above 0.9700

In general, we are continuing in preferring the intraday and short term bullish trend, depending on breaching the resistance that appears in the dashed line in the above image, reminding you that our targets begin at 0.9770 then go further towards 0.9950.

Expected trading range for today is between: 0.9600 support and 0.9800 resistance.

Expected trend for today: Bullish

The pair is fluctuating around the critical support 0.8160, and the price needs to hold below this level to confirm the bearish trend return again, followed by heading towards our targets that begin at 0.8060 then 0.7920.

And until now, we need to monitor the price behavior according to the mentioned support and 0.8210 resistance, where breaching above this resistance will stop the negative scenario temporarily and leads to a retest process that reaches towards 0.8360

Expected trading range for today is between: 0.8000 support and 0.8250 resistance.

Expected trend for today: Depends on the abovementioned levels

The minor image shows the price fluctuation inside bearish continuation flag pattern, this pattern supports the overall bearish trend expectations, and the price needs to break below the channel’s support at 0.9755 to activate the bearish pattern and then heading towards our main targets at 0.9580

Breaching above 0.9865 will delay the waited decline and leads to a potential retest for 0.9930

Expected trading range for today is between: 0.9600 support and 0.9930 resistance.

Expected trend for today: Bearish

Crude oil price didn’t managed to achieve the first positive condition by holding above 96.80, which return the sideways trading scenario between the mentioned resistance and 92.75 support, to be waiting for some preferred bearish bias now affected by Stochastic negativity.

Note that breaching above 96.80 will lead to attempts to target initially 100.00, while breaking below 92.75 will get the price out of the bearish channel to begin a potential decline on the short term basis.

Expected trading range for today is between: 93.90 support and 97.70 resistance.

Expected trend for today: Sideways