The pair rallied to the upside yesterday at the EMA50, where the trading remains below it now, while Stochastic gets ready to provide negative signal that might push negatively on the intraday bearish.

Until now, we need to confirm surpassing one of the critical levels between 96.85 support and 98.10 resistance to confirm the pair’s next trend on the intraday and short term basis, where breaching above 98.10 will lead initially to target the psychological barrier at 100.00, while breaking below the support will get the price out of the bullish channel and turns the trading towards the downside.

Expected trading range for today is between 96.75 support and 99.00 resistance.

Expected trend for today: depends on the abovementioned levels

The pair approaches from the first waited support at 1.5485, and fluctuates in tight range now, while our intraday bearish bias expectations continue depending on the trading inside the channel that appears in the above image.

Our waited targets surpass 1.5485 reaching towards 1.5300, but we must be aware always that breaching above the mentioned channel’s resistance will push the price to resume the main bullish track.

Expected trading range for today is between: 1.5365 support and 1.5670 resistance.

Expected trend for today: Bearish

The pair failed to settle above 1.3200 again, to bounce lower sharply approaching from the psychological barrier 1.3000

The previously suggested positive scenario stops now temporarily, and we prefer the neutrality now in order to monitor the price behavior according to the support level 1.3000 and the resistance 1.3145, these levels have the keys of detecting the price next trend on the intraday basis.

Breaking below the mentioned support will cause more losses for the pair which initially reach towards 1.2870, while breaching above 1.3145 will turn the positive attempts back again.

Expected trading range for today is between: 1.2955 support and 1.32450 resistance.

Expected trend for today: Neutral

The pair trades with slight bearish bias since morning and the negative effect of Stochastic continues, where we remain in our neutrality for today waiting for surpassing one of the critical levels that mentioned this morning which will confirm the next trend.

Note that breaching above 0.8570 will turn the price to the bullish channel again, while breaking below 0.8415 will cause downside rally which its targets begin around 0.8295 followed by 0.8175

Expected trading range for today is between: 0.8355 support and 0.8585 resistance.

Expected trend for today: Neutral