The EURUSD pair begins today with clear rise to attack the sideways range’s resistance at 1.1270, which hints the price head to resume the main bullish trend, but we need to get a daily close above the mentioned level to confirm the continuation of rising to head towards the first positive target at 1.1420.

Therefore, the sideways trading scenario will remain valid until the price confirms breaching 1.1270 resistance or breaking 1.1175 support to detect the next destination clearly.

The expected trading range for today is between 1.1200 support and 1.1370 resistance.

The expected trend for today: Sideways

The major currencies’ pairs and commodities show weak trades since morning, thus, no change to the morning suggested scenario, and we recommend getting back to these reports to review the expected trend and targets for the upcoming period.

The EURGBP pair was affected by stochastic negativity yesterday, which moves within the oversold areas now, to force the price to form temporary correctional rebound and test the minor bullish channel’s support line at 0.9000.

We will depend on the stability of the mentioned support besides the consolidation of the moving average 55 below the current price to increase the chances of gathering the positive momentum to target some positive targets located around 0.9085 and 0.9270 in the upcoming period.

The expected trading range for today is between 0.9000 and 0.9080

The expected trend for today: Bullish

The EURJPY pair did not show any action since yesterday, despite its stability within the bullish channel, as the major indicators contradict, to settle near 120.50 support line.

Stochastic reach to the oversold areas confirms getting rid of the negative pressures, allowing the price to gain the required additional positive momentum to record the targets at 121.80 and 122.50 levels.

The expected trading range for today is between 120.50 and 121.80

The expected trend for today: Bullish