The pair approaches from the bullish channel’s resistance that is located now at 102.65, and we are waiting for more intraday rising to hit the mentioned level, reminding you that monitoring the price behavior when reaching this level is important, where a bearish bouncing will be possible from there due to the trading rules inside the price channels.

Stochastic supports the idea of the potential rebound, while breaching above 102.65 will lead to a sharp rise on the short and medium term basis.

Expected trading range for today is between 101.25 support and 103.00 resistance.

Expected trend for today: Bullish

The pair’s decline stopped near the main waited target at 1.5190, where it is fluctuating now around 1.5200

Stochastic provides positive signals that might cause an intraday bullish curve allows the price to retest 1.5410, while breaking below 1.5190 will confirm opening the way towards more downside moves on the short term basis.

Thus, we prefer staying aside temporarily in order to monitor the price behavior according to 1.5190

Expected trading range for today is between: 1.5070 support and 1.5360 resistance.

Expected trend for today: Neutral

The pair continues its negative trading to break 1.2970 and break below it, which makes us prefer witnessing more downside moves in the upcoming period, supported by the EMA50, where the next potential targets are located near 1.2700

Stochastic provides positive signals that might assist in retesting 1.2970 – 1.3000 and the attempts to return the bullish bias again.

Expected trading range for today is between: 1.2800 support and 1.3035 resistance.

Expected trend for today: Bearish

The pair retested 0.8300 and bounced lower to resume the negative effect of the morning mentioned double top pattern, where our bearish trend expectations remain valid and active for today conditioned by the stability below 0.8360.

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

Expected trend for today: Bearish