The USDCAD pair returns to fluctuate around the resistance line that appears on the chart, and the EMA50 meets this resistance to add more strength to it, which supports the chances of continuing the main bearish trend, which targets 1.3035 followed by 1.2960 levels as next stations.

Therefore, we will keep our bearish overview conditioned by the price stability below 1.3160.

The expected trading range for today is between 1.3070 support and 1.3200 resistance.

The expected trend for today: Bearish

The USDJPY pair shows some slight bullish bias to approach 105.00 barrier, accompanied by stochastic loss to the positive momentum again, while the EMA50 continues to press negatively on the price.

Therefore, these factors support the chances of continuing the expected bearish trend for the upcoming period, which its next main target located at 103.65, while holding below 105.20 represents key condition to continue the suggested decline.

The expected trading range for today is between 104.00 support and 105.20 resistance

The expected trend for today: Bearish

The GBPUSD pair resumed its negative trading clearly to reach the thresholds of the waited target at 1.3000, finding good support formed by the EMA50, and we expect the continuation of the decline until touching the intraday bullish channel’s support line at 1.2945 as a next negative target.

Therefore, the bearish trend will remain expected for the upcoming period, noting that breaching 1.3090 will stop the negative scenario and leads the price to resume the bullish track within the mentioned channel.

The expected trading range for today is between 1.2945 support and 1.3100 resistance.

The expected trend for today: Bearish temporarily

The EURUSD pair settles around 1.1840 level, noticing that the price recorded lower high, accompanied by witnessing negative overlapping signal through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets testing 1.1720 level mainly.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.1880 will stop the expected decline and push the price to resume the main bullish trend again.

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

The expected trend for today: Bearish temporarily