The pair moves lower quietly approaching from the rising wedge support level that shown in the image, which is at 0.9910, and breaching it will ease surpassing 0.9885 which is considered the key of confirming the continuation of the previously suggested bearish wave.
Stability below 1.0030 is considered as the main factor to keep our intraday expectations.
Expected trading range for today is between: 0.9800 support and 1.0030 resistance.
Expected trend for today: Bearish
The pair was able to hit the initial target at 82.35, and settled above reinforcing the bullish trend scenario on intraday basis.
The next station located at 83.45, and we must monitor the price when reaching this level due to it’s sensitivity for the short term trend.
Expected trading range for today is between: 82.00 support and 83.45 resistance.
Expected trend for today: Bullish
The pair is approaching gradually from the waited target at the bearish correction channel which declines now to 1.6000, accompanied with Stochastic entering the overbought levels, which might cause a bearish bounce from there to keep the price within the channel.
For now, we prefer staying aside until reaching the mentioned target, hence breaching it will open the way for stopping the current bearish correction, while holding below will push the price to test the strength of 1.5900
Expected trading range for today is between: 1.5800 support and 1.6100 resistance.
Expected trend for today: Neutral
The pair was able to breach 1.2800 and settled with daily close above it to activate the waited positive scenario, and we noticed the attempts to settle above the minor bullish resistance shown in the picture.
The waited targets for today begin at 1.2910 followed by 1.3000, with being aware that breaching 1.2800 followed by 1.2785 will delay achieving the waited targets.
Expected trading range for today is between: 1.2700 support and 1.3000 resistance.
Expected trend for today: Bullish