The pair pushed negatively to break the upside channel’s support at 1.0500 followed by 1.0485, while settling below these levels will confirm more bearish actions towards 1.0365

Its important to monitor the daily close according to the mentioned support levels

The pair broke 1.5820 level and attempts to settle below it, this factor represents the key to head towards the next correction level at 1.5690

The bearish bias will be preferred in the upcoming period as long as trading is settled below 1.5820

The pair shows clear positivity approaching from 1.3400 level attempting to breach it.

As we mentioned in our previous reports, breaching above this level will add more confirmations for the continuation of the intraday and short term bullish trend.

The pair returns to fluctuate near 0.8400, and showed some mixed trading in the morning, but generally, the bullish trend scenario suggested in the morning remains valid and active for today, supported by EMA50.

Stochastic is heading towards the oversold levels now in attempt to offer positive momentum signals support the waited rising.

Expected trading range for today is between: 0.8270 support and 0.8550 resistance.

Expected trend for today: Bullish