The pair approached from our main target at 0.9770, to bounce lower approaching from the retest level of the previously breached resistance which turns now into support at 0.9595, and as long as the price is above this level, our intraday bullish trend will remain valid and active.

Stochastic interprets the reasons of the current negative pressure.

Expected trading range for today is between: 0.9595 support and 0.9770 resistance.

Expected trend for today: Bullish

The pair found good support at the previously recorded bottom which appears in the above image at 0.8173, providing some slight positive attempts now.

Stochastic supports the strength of the current levels, which makes the intraday trend destination depends on surpassing one of the critical levels which are represented by 0.8173 support and 0.8270 resistance, where breaking below the mentioned support will make the bearish trend -which is affected by the double top pattern- extends, while breaching above the resistance will push to retest 0.8360.

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

Expected trend for today: Depends on the above mentioned levels

The pair shows sideways trading after approaching from the main waited target at 0.9825, where it is affected by Stochastic positivity.

In general, we still waiting for achieving the main target, and from there we must monitor the price behavior carefully, where breaking below it will cause more downside track on the short term basis, and the next target will be at 0.9580, on the other hand, breaching above 0.9975 will stop the intraday bearish trend expectations.

Expected trading range for today is between: 0.9765 support and 0.9975 resistance.

Expected trend for today: Bearish

As we mentioned in the technical update messages, crude oil price found solid support at 92.15, and it stuck again between the EMA50 at 93.45 and 94.65, which makes us wait for a confirmation of the next trend, by monitoring the price behavior according to the mentioned levels, where breaking below 93.45 will lead to new testing to the main bullish channel’s support at 92.20, while breaching above 94.65 will turn the positive scenario that was stopped in the beginning of this week.

Expected trading range for today is between: 92.20 support and 97.00 resistance.

Expected trend for today: Depends on the above mentioned levels