The pair tested the bullish channel’s resistance, opening the week trading with bearish bias keeping the price below this resistance, which make us continue in preferring the bearish intraday trend depending on the trading rules inside the price channels, besides the negative effect provided by Stochastic now.

Our waited targets begin at 101.50, while achieving them requires holding below 103.05

Expected trading range for today is between 101.50 support and 103.35 resistance.

Expected trend for today: Bearish

The pair closed last week below 1.5190, providing more support to our bearish trend expectations, where we are waiting bearish targets that begin near the psychological barrier 1.5000 extending towards 1.4820.

The EMA50 supports these expectations, which remain valid unless breaching above 1.5300 followed by stability with a daily close above it.

Expected trading range for today is between: 1.5035 support and 1.5300 resistance.

Expected trend for today: Bearish

The pair touched 1.2800 last Friday, fluctuating in sideways range near this level, where it is affected by Stochastic current positivity.

In general, our bearish trend expectations remain valid and active, depending on the stability below 1.2990 and supported by the EMA50, and the waited main targets are located at 1.2725, reminding you that monitoring the price when reaching this level, due to its importance in detecting the next trend.

Expected trading range for today is between: 1.2700 support and 1.2940 resistance.

Expected trend for today: Bearish

The pair approached the first waited target at 0.8060, providing some upside bounce, affected by stochastic positivity, while we still keep our bearish trend overview depending on breaking the horizontal level at 0.8173.

We remind you that breaking below 0.8060 will extend the bearish targets to reach 0.7920 level.

Expected trading range for today is between: 0.7980 support and 0.8360 resistance.

Expected trend for today: Bearish