The pair starts today’s trading with bearish price gap that put it below 0.9885, which represents the first key to reinforce our bearish overview.
The price might need to cover this gap by leaning on 0.9885 before resuming the negative bias that initially targets 0.9800 followed by 0.9700 levels, while holding below 1.0030 is required to keep our scenario valid.
Expected trading range for today is between: 0.9750 support and 0.9925 resistance.
Expected trend for today: Bearish
The pair fluctuates at the critical resistance level at 82.80, and as we mentioned in our previous report, that breaching this level will open the way for continuing the bullish bias on the intraday basis.
Reminding you that the next trend depends on the price behavior according to the levels which are represented by 82.80 resistance and 81.70 support.
Expected trading range for today is between: 81.00 support and 83.50 resistance.
Expected trend for today: Depends on the above mentioned levels
The pair managed to settle above 1.5995, to keep the chances of achieving the preferred bullish trend in our previous reports, supported by Stochastic positivity.
The price now needs to surpass EMA50 at 1.6045 to ease achieving the ascending targets that begin by attacking 1.6115 and then heading towards 1.6300
Expected trading range for today is between: 1.5935 support and 1.6200 resistance.
Expected trend for today: Bullish
The pair’s trading settled near 1.2900 after finding a critical horizontal support for the short term trend at 1.2880, this support represents a neckline for a potential bearish pattern is forming now, and breaking it will pull the price towards levels around 1.2650.
Now, we need to continue in our neutrality to monitor the price behavior according to the critical levels between 1.2880 support and 1.3020 resistance.
Expected trading range for today is between: 1.2720 support and 1.3100 resistance.
Expected trend for today: Neutral