The pair approached from 1.5900 and remains stable below it, accompanied with obvious negative signals offered by Stochastic on the four hours time frame, which makes us continue in our expected bearish trend for today unless the mentioned level was breached.

Expected trading range for today is between: 1.5700 support and 1.6000 resistance.

Expected trend for today: Bearish

The pair declined to visit the critical support around 1.2725, while the trading still limited inside the sideways range which is between 1.2700and 1.2800, and this makes us remain neutral until surpassing one of these levels.

Expected trading range for today is between: 1.2550 support and 1.2910 resistance.

Expected trend for today: Neutral

The pair continued with the positive bias during yesterday’s trading to surpass 102.90 level and get back inside the broken channel as we can see in the image above, to reach now at 103.95 levels.

We can notice some correctional actions during this morning session touching the channel’s support again.

We expect more upside bias to hit 104.50 soon.

Stochastic is forming strong bullish wave just before reaching the overbought areas, which supports more upside trend.

Expected trading range for today is between: 102.90 and 104.50

Expected trend for today: Bullish

The pair continued with the bullish bias reaching the waited target at 128.90 and touching the previously breached channel.

We don’t expect additional positive trading until the channel’s level is breached at 129.00, and we might witness some correctional bounce before breaching the mentioned level.

Stochastic is touching levels near 80.00 to support the bullish trend.

Expected trading range for today is between: 127.90 and 129.40

Expected trend for today: Bullish