The pair still pushing negatively on the rising wedge support shown in our previous reports, and begins today’s trading below this support which is moving higher to reach 0.9925, and that supports the continuation on our bearish trend  scenario on the intraday and short term basis.

Note that breaching 0.9885 will accelerate the expected bearish trend.

Expected trading range for today is between: 0.9800 support and 1.0030 resistance.

Expected trend for this week: Bearish

The pair remained stable above 82.00 to reinforce the positive expectations suggested previously, noting that Stochastic is gaining the positive momentum gradually on the daily time frame.

Therefore, we continue with the bullish bias which remains valid unless 81.45 was breached.

Expected trading range for today is between: 81.45 support and 83.00 resistance.

Expected trend for this week: Bullish

The pair retested the previous breached bearish correctional channel resistance and bounced to the upside in attempt to resume the bullish trend, where we still proposing the return to the positive bias which was stopped temporarily to make the bearish correction.

The waited targets begin at 1.6115 while achieving it requires stability above 1.5960 

Expected trading range for today is between: 1.5960 support and 1.6200 resistance.

Expected trend for this week: Bullish

The EMA50 was able to stop the pair’s decline yesterday, to move higher again and settles above 1.2900, which makes us continue in our bullish trend expectations on the intraday and short term basis, which target initially the psychological barrier 1.3000 followed by 1.3145

Holding above 1.2880 – 1.2865 remains the most important factor to keep the chances of achieving these expectations.

Expected trading range for today is between: 1.2865 support and 1.3145 resistance.

Expected trend for this week: Bullish