The pairs’ decline stopped in the middle between 61.8% and 50% Fibonacci levels shown in the image, while Stochastic enters the oversold levels to offer chances for some temporary sideways range fluctuation.
In general, the main bearish trend remains valid and preferred, requires two main conditions to be achieved, first: clear breach to 0.9885, and the second is stability below 1.0030
Expected trading range for today is between: 0.9800 support and 1.0030 resistance.
Expected trend for today: Bearish
The pair closed yesterdays’ trading positively followed with bullishness today too, approaching from 82.00, while our positive expectations remains active for today waiting for main targets begin at 82.35 followed by 83.45
Stability above 80.70 will keep the chances of achieving these targets strong.
Expected trading range for today is between: 81.00 support and 83.00 resistance.
Expected trend for today: Bullish
The pair remains stable above 1.5900 and the EMA50, to keep our positive expectations on the intraday basis valid, as waiting to hit targets mainly near to 1.6020.
Stochastic negativity interprets the reasons of the recent sideways range fluctuation and the slowness in the waited bullishness process.
Expected trading range for today is between: 1.5800 support and 1.6100 resistance.
Expected trend for today: Bullish.
In spite of closing yesterday above 1.2800, the price failed to settle above it to begin today’s trading negatively and returns to the mentioned level again, that delays the waited bullish trend.
Accordingly, our neutrality remains valid and preferred, we must be aware that breaching 1.2725 might open the way for heading towards 1.2650-1.2630
Expected trading range for today is between: 1.2630 support and 1.2950 resistance.
Expected trend for today: Neutral