The pair continues its positive trading approaching from the main target at the bullish channel’s resistance at 102.55, where we continue in preferring the intraday bullish bias now, taking into consideration that there is a potential downside bouncing from the mentioned target, according to the trading inside the price channels.

The steadiness of the mentioned resistance will force the price to head towards 99.65, while breaching above it will open the way towards more gains on the medium term basis.

Expected trading range for today is between 100.95 support and 103.00 resistance.

Expected trend for today: Bullish

The pair achieved a break below the bullish channel’s support that appears in the above chart, to open the way towards 1.5190 as a main target for the intraday trading, supported by the EMA50.

Stochastic might cause some fluctuation and positive attempts, being aware that breaching above 1.5385 followed by 1.5485 will turn the bullish trend again.

Expected trading range for today is between: 1.5190 support and 1.5485 resistance.

Expected trend for today: Bearish

The pair continued its decline to reach the wider sideways’ range support that appears in the image at 1.2970, noticing the contradiction between the negative pressure that is come from EMA50 and the positive signal of Stochastic.

Therefore, we are forced to remain neutral until getting clearer confirmation signals for the trend, pointing that confirming breaking below 1.2970 will push the price to visit 1.2725 as a main initial signal.

Expected trading range for today is between: 1.2800 support and 1.3100 resistance.

Expected trend for today: Neutral

The pair begins attempts to break below the neckline at 0.8360, and achieving daily close below it will activate the negative effect for the pattern which has bearish targets that reach towards 0.8000

Until now, our neutral attitude remains valid waiting for a daily candle stick close according to the mentioned support besides the resistance 0.8425

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

Expected trend for today: Neutral