The pair begins today's trading with a bearish bias approaching from EMA50 which is forming a support barrier currently at 79.15, which we are waiting to be breach so the way will be open for getting back to the bearish trend.

Stochastic offers positive signals might slow down the bearishness, that makes us prefer continuing neutral until we get a confirmed breach for the mentioned level and then confirming the expected bearish bias.

 Expected trading range for today is between: 78.00 support and 80.70 resistance.

 Expected trend for today is neutral.

The pair breached 1.5900 to ease the way for moving towards the next correction level and the most impostant one at 61.8%% Fibonacci at 1.5800 level, as breaching this level is considered as a confirming factor for more bearishness on the short term basis.

The EMA50 is pushing the intraday's trading negatively, while Stochasic might force the price to retest 1.5900 before resuming the preferred bearish trend for today.

Expected trading range for today is between: 1.5700 support and 1.6000 resistance.

Expected trend for today: Bearish

The pair breached the critical support level 1.2725 and settled below it, and begins today’s trading with more negativity that makes us expect surpassing the sideways range which was the dominant recently, where the way seems open to achieve bearish targets begin at 1.2610 and might extend to move further towards 1.2400.

We must mention that breaching 1.2800 will stop the bearish bias and reverses the price attempts to the upside again.

Expected trading range for today is between: 1.2500 support and 1.2800 resistance.

Expected trend for today: Bearish