The pair managed to cover the price gap achieved yesterday, and kept the daily close stability below 0.9885, that offers more support for our bearish trend expectations on the short term basis which depend on the recent completion of the a rising wedge pattern.

Note that the suggested targets starting at 0.9800 followed by 0.9700

Expected trading range for today is between: 0.9750 support and 0.9925 resistance.

Expected trend for today: Bearish

The pair managed to surpass the EMA50 to the upside approaching from 1.6115, that considered as a good positive signal supports our expectations of continuing the bullish trend.

The next step is represented by breaching above 1.6115 to open the way for targeting 1.6300, with being aware that Stochastic negativity might force the price to achieve some fluctuation and temporary bearish bias.

Expected trading range for today is between: 1.5995 support and 1.6250 resistance.

Expected trend for today: Bullish

The narrow range remained controlling the pair’s trading since yesterday, to stay settle above 1.2900, while Stochastic enters the overbought levels to signal that there is a possibility to visit 1.2880 again.

Until now, we are continuing in neutrality until getting clearer signals for the next trend by monitoring 1.2880 support and 1.3040 resistance.

Expected trading range for today is between: 1.2720 support and 1.3100 resistance.

Expected trend for today: Neutral

The general weakness dominates the trading of the markets, we notice that the pair moves within narrow range since morning, what makes us continue in our preferred positive scenario in our previous report which remains valid conditioned by holding above 0.8200

Expected trading range for today is between: 0.8260 support and 0.8450 resistance.

Expected trend for today: Bullish