The pair’s trading settled without the rising wedge support shown in the image, which encourages us to continue with our bearish trend scenario which depends on the negative effect for the mentioned pattern
Our expected targets begin by attacking 0.9885 to open the way for heading towards 0.9800 followed by 0.9700, noting that breaching 1.0030 will weaken the chances of achieve these targets.
Expected trading range for today is between: 0.9800 support and 1.0030 resistance.
Expected trend for today: Bearish
The pair begins today’s trading with clear positive bias supported by Stochastic positivity, to keep the proposed bullish trend scenario valid, and the main targets begin at 83.45 followed by 84.00
Note that breaching the support levels located between 82.00 and followed by 81.45 will decrease the chances of achieving the suggested bullishness.
Expected trading range for today is between: 81.45 support and 84.00 resistance.
Expected trend for today: Bullish
The pair remains stable above 1.6000 and begins today’s trading positively, to approach from the critical minor resistance located at 1.6055, as breaching this resistance will ease achieving the bullish trend that we expect it on the intraday and short term basis, and the targets begin at 1.6115 followed by 1.6200
EMA50 offers good support to the waited bullish action, which remain valid unless 1.5955 was breached
Expected trading range for today is between: 1.5955 support and 1.6200 resistance.
Expected trend for today: Bullish
The pair made an attempt to breach the waited 1.3000 level but couldn’t settle above it until now, while Stochastic gets ready to offer positive crossing signals to support the continuation of the positive attempts.
Therefore, the bullish trend will remain valid for today and the main targets begin at 1.3145
Expected trading range for today is between: 1.2865 support and 1.3200 resistance.
Expected trend for today: Bullish