The pair rallied sharply to the upside surpassing 0.9400 level and stops at the resistance line that appears in the image at 0.9500, accompanied with stochastic entering the overbought levels, which offers chances for a downside bounce from the current levels, but we need to stop aside temporarily to be sure of the price behavior according to 0.9500 resistance and 0.9400 support, as a breach to the mentioned resistance will open the way for more positive actions that might reach to 0.9800, while breaking the support will bring back the negative scenario.

Expected trading range for today is between: 0.9370 support and 0.9600 resistance.

Expected trend for today: Neutral

The pair found solid resistance at 0.8480, that forced it to fall and stop now at the previously mentioned neckline for the double top formation at 0.8360, as the break of this level represents the key for a bearish rally towards 0.8000

Now, we need to stop aside in order to monitor the price behavior according to 0.8360 support and 0.8425 resistance, to get clearer signals for the trend.

Expected trading range for today is between: 0.8205 support and 0.8535 resistance.

Expected trend for today: Neutral

The pair failed to breach 1.0250 level, to turn to the downside strongly and break the critical support at 1.0145, opening the way to a major change with the short term trend to the downside, as the next main station located at 0.9980 and extends towards 0.9825

Stochastic attempts to stop the pair’s losses, while the bearish trend will remain valid unless the pair breached above 1.0145 initially and settled above it.

Expected trading range for today is between: 0.9930 support and 1.0200 resistance.

Expected trend for today: Bearish

Crude oil price remains stuck below the waited to breached resistance at 97.10 and 94.65, and the price needs positive momentum to be able to surpass the mentioned resistance and confirm the upside rally.

In general, we are continuing in preferring the bullish trend on the short term basis, and the targets begin at 100.00, while achieving it requires holding above 94.65

Expected trading range for today is between: 94.65 support and 98.65 resistance.

Expected trend for today: Bullish