The pair’s trading bounces lower slightly after finding an intraday resistance that appears in the above image, where the price might be forced to lean on 98.40 before resuming the rising again.
In general, the bullish trend expectations remain valid for today waiting for testing the psychological barrier 100.00, unless breaking below 98.40 and holding below it.
Expected trading range for today is between 98.25 support and 100.00 resistance.
Expected trend for today: Bullish
The pair’s trading remains stuck between 50% Fibonacci which meets the EMA50 at 1.5485, and the bullish channel’s resistance at 1.5640, where we are waiting the confirmation of breaching above one of those mentioned levels to provide confirmation signals for the trend, and the suggested targets for these breaches are explained in our previous technical reports.
Stochastic gains positive momentum that might assist in making the intraday positive trading preferred.
Expected trading range for today is between: 1.5410 support and 1.5760 resistance.
Expected trend for today: Depends on the above mentioned levels
The pair provides bearish bias yesterday’s evening to be trading below the EMA50, while the tight range remains the dominant in general, which makes us keep our neutrality for today, where we are waiting for breaching above one of the critical levels between 1.3000 support and 1.3145 resistance.
Breaking below 1.3000 will open the way for heading initially towards 1.2890, while breaching above 1.3145 will turn the positivity back to the price again.
Expected trading range for today is between: 1.2960 support and 1.32450 resistance.
Expected trend for today: Neutral
The pair trades with slight bearish bias since morning, while Stochastic provides a positive overlapping signal that encourages us to continue in preferring the bullish trend for today, where achieving it requires holding above0.8455
Expected trading range for today is between: 0.8455 support and 0.8675 resistance.
Expected trend for today: Bullish