The pair achieved a strong breach above 0.9500, opening the way towards more of the intraday and short term basis bullish trend, targeting levels mainly near 0.9800

The EMA50 supports these expectations, pointing that breaking below 0.9495 will stop those positive expectations.

Expected trading range for today is between: 0.9495 support and 0.9690 resistance.

Expected trend for today: Bullish

The pair achieved strong break below the neckline that was mentioned previously at 0.8360, to activate the effect of this pattern which its full targets are located near 0.8050

Thus, the bearish trend will be preferred for today unless the price managed to breach above 0.8360 – 0.8410 and held above them.

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

Expected trend for today: Bearish

The pair’s sharp decline continued to surpass the psychological barrier 1.0000 and hits the main target now at 0.9975, noticing that the negative pressure is continuing and there is attempt to break below this level.

In general, the bearish bias will be continuing, and breaking below 0.9975 will open the way towards 0.9825

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

Expected trend for today: Bearish

Crude oil price collapsed in last Friday but it found a strong support at the EMA50, to return and settle again above 94.65, keeping the bullish trend scenario valid until now, and the price needs a breach above 97.05 to reinforce the positive expectations.

Stochastic negativity explains the reasons of the current negative trading.

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

Expected trend for today: Bullish