The pair was able to keep the stability above 1.6000, and its fluctuating in sideways range above the mentioned level in attempt to gather some positive momentum on the intraday basis.

In general, we depend on breaching the bearish correction channel resistance shown in the image to continue in our bullish trend expectation, and the targets begin at 1.6115, pointing that 1.5985 level must hold against any bearish attempt.

Expected trading range for today is between: 1.5986 support and 1.6200 resistance.

Expected trend for this week: Neutral

The pair begins today’s trading attempting to breach 1.3000, and we mentioned yesterday that this breach is important to reinforce our positive expectations.

In general, we are continuing in our bullish trend scenario on the intraday and short term basis, and the targets begin at 1.3145, supported by EMA50 while achieving our expectation requires stability above 1.2865

Expected trading range for today is between: 1.2865 support and 1.3145 resistance.

Expected trend for this week: Bullish

The pair didn’t show big move since morning, to remain settled above the previously breached neck line for the positive pattern shown in the image above, which solidify our positive expectations for today that needs stability above 0.8145 to remain active.

Expected trading range for this week is between: 0.8075 support and 0.8500 resistance.

Expected trend for this week: Bullish

The pair moves in sideways’ range since morning settling below 1.0485, and we still wait a confirmation for the next trend through monitoring the price behavior according to this level.

Note that there’s contradictory between Stochastic negativity and EMA50 positivity, which forces us to continue with our neutral attitude.

Expected trading range for this week is between: 1.0200 support and 1.0650 resistance.

Expected trend for this week: Neutral