The pair stabilized above the first target of the bearish Butterfly Harmonic Pattern at 0.9930 levels which decreases the pattern’s affect. At the same time, Stochastic is showing overbought signals, as Relative Strength Index fails to keep its bullish bias. Therefore, we remain neutral in our weekly report waiting for confirmation signals.

The trading range for this week is between the key support at 0.9735 and the key resistance at 1.0135.

The general trend over short term basis is to the downside below levels 1.0125 targeting 0.9400.

Support 0.9930 0.9895 0.9800 0.9770 0.9735

Resistance 0.9950 0.9990 1.0000 1.0040 1.0100

Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move

We might be in front of an AB=CD Bullish Pattern as the suggested harmonic pattern completed at 0.9080 levels, any trading above the referred to levels is positive now and might cause an upside correction during this week. The first suggested target for this pattern resides at 0.9200 levels and breaching it might extend the bullish move reaching 0.9270 levels.

The trading range for this week is among key support at 0.8915 and key resistance at 0.9445.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

Support 0.9105 0.9080 0.9050 0.9000 0.8985

Resistance 0.9180 0.9200 0.9270 0.9345 0.9395

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9105 targeting 0.9155, 0.9200 then 0.9270 and stop-loss with four-hour closing below 0.9050 might be appropriate this week

Stability above 85.50 levels is positive and makes us expect the  extension of the upside move . Momentum indicators are showing clear overbought signals on the weekly graph which increases the risk. As the pair stabilized above the referred to level, there is a good possibility to breach 86.80 levels which may lead to more bullishness towards 88.25 levels.

The trading range for this week is among key support at 84.35  and key resistance at  88.25.

The general trend over short term basis is to the upside targeting 87.45 as far as areas of  75.20 remain intact.

Support 86.00 85.55 85.25 85.00 84.70

Resistance 86.45 86.85 87.15 87.45 88.25

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 86.00 targeting 86.85, 87.45 then 88.25 and stop-loss below 83.35 might be appropriate

We have some technical conflict where stability below 1.6310 levels is considered negative, but failing to stabilize below 1.6125 levels is positive. Linear Regression Indicators are showing mixed direction signals so as Momentum Indicators. Therefore, we remain neutral in our weekly report waiting for confirmation signals.

The trading range for this week is among key support at 1.5910 and key resistance at 1.6450.

The general trend over short term basis is to the downside targeting 1.6875 as far as areas of  1.4225 remains intact.

Support 1.6125 1.6100 1.6065 1.6000 1.5975

Resistance 1.6165 1.6180 1.6225 1.6265 1.6310

Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move