The pair was able to breach 1.5900 within this day and week opening, which opens the way for visiting the bearish correction channel resistance at 1.6020

In general, the bearish correction trend remains valid, as the trading remains below 1.6020; therefore we expect that the pair might move bullishly towards the mentioned level before confirming the next trend on the short term basis, pointing that breaching 1.5900 followed by 1.5800 will push the price strongly for more bearishness.

Expected trading range for this week is between: 1.5650 support and 1.6250 resistance.

Expected trend for today: Bullish temporarily, neutral at the mentioned resistance.

The pair still stuck between the retest levels, for the double top pattern at 1.2800 and the falling wedge which moving lower now towards 1.2645, while surpassing one of these level is needed in order to confirm one of them superiority over the other.

Accordingly, we need to stay aside for now until getting clearer signals for the trend.

Expected trading range for this week is between: 1.2500 support and 1.3000 resistance.

Expected trend for today: Neutral

The pair gets back to trade below 0.8100, to reinforce our bearish trend scenario for today, which initially targets levels near 0.8000

Note that breaching 0.8145 will reverse the intraday trading towards the upside to retest levels near 0.8265

Expected trading range for today is between: 0.7950 support and 0.8200 resistance.

Expected trend for today: Neutral

The pair shows a mixed trading since morning while it remains stable below 1.0365, and this makes us continue in our preferred downside trend expectations for today supported by EMA50

Expected trading range for today is between: 1.0150 support and 1.0410 resistance.

Expected trend for today: Bearish