The EURUSD pair shows bearish bias now that hints resuming the expected bearish track for today, to keep the negative scenario valid and active for the upcoming sessions, supported by stochastic negativity, reminding you that our main waited target is located at 1.1720, while holding below 1.1880 represents key condition to continue the suggested decline.

The expected trading range for today is between 1.1750 support and 1.1900 resistance.

The expected trend for today: Bearish temporarily

The AUDCAD pair ended its correctional bearish rebound by facing solid support at 0.9240 that forms 50% Fibonacci correction level, to notice its bullish rally and approach the moving average 55.

The stability of the mentioned support and stochastic attempt to provide the positive momentum allow us to expect forming strong bullish waves, to attempt to record many positive targets around 0.9455 followed by 0.9593 levels in the upcoming period.

The expected trading range for today is between 0.9310 and 0.9455

The expected trend for today: Bullish

The European index provided new negative close below 3305.00 extended resistance, to notice its fluctuation below the moving average 55 now and confirm its preparation to record new negative targets that might start at 3050.00 and 2980.00 levels.

Also, stochastic reach to 20 level will increase the chances of gathering the negative momentum to manage to continue the decline until recording the suggested negative targets.

The expected trading range for today is between 3240.00 and 3120.00

The expected trend for today: Bearish

The EURJPY pair extended bullishly on last Friday to approach the first positive target at 124.40, hinting its affection by the bullish bias domination, expecting stochastic to reach the overbought areas, to forming new bullish attack and manage to surpass 124.40 level and resuming achieving the targets by reaching 125.05 and 125.62 levels.

We remind you that it is important to hold above the key support 123.30 that its stability confirms the continuation of the positivity until reaching the suggested positive targets, to avoid any losses that might appear due to changing the bullish track.

The expected trading range for today is between 123.70 and 124.80

The expected trend for today: Bullish