The pair’s trading bounces lower after the failure to settle above 0.9600 until now, and the price is heading to retest the previously breached resistance which turns into support now at 0.9500

The price stability above the mentioned level will keep the chances valid to achieve the suggested rise in our last report, being aware that Stochastic negativity might force the price to break below the mentioned level.

Expected trading range for today is between: 0.9460 support and 0.9690 resistance.

Expected trend for today: Bullish

The pair found good support near 0.8230, where the price is trading with some slight positivity affected by Stochastic positivity.

In general, the negative effect for the double top pattern remains valid, and the price might retest the previously broken neckline at 0.8360 before resuming the decline that targets levels around 0.8050

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

Expected trend for today: Bearish

The pair achieved daily close below 0.9975, to confirm the bearish trend expectations, where the price is retesting now the broken level.

Thus, the bearish trend will remain valid and active, and the main targets at 0.9825, taking into consideration that breaching above 0.9975 and holding above it will delay achieving the suggested negative scenario and leads to recovery attempts on the intraday basis.

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

Expected trend for today: Bearish

Crude oil price keeps its stability above 94.65 after several attempts to break it to the downside, which makes us continue in our preferred bullish trend scenario on the intraday and short term basis, waiting for breaching above 96.95 which represents the most important key for reinforcing the positive expectations.

Stochastic negativity interprets the recent sideways fluctuations and the negative attempts.

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

Expected trend for today: Bullish