The pair offers calm negative trading after EMA50 holding against the attempts to move higher, accompanied with clear negative signals offered by Stochastic, that makes our expectations for the bearish trend remain valid and active waiting for attacking 0.9240.
Breaching above 0.9400 will delay achieving the bearish targets which begin at 0.9100 and followed by 0.9000
Expected trading range for today is between: 0.9240 support and 0.9400 resistance.
Expected trend for today: Bearish
The pair succeeded to hold above the previous breached bullish channel support and attempting to build a good base above it, that is adding more support for our expectations of continuing the bullish trend, and EMA50 sustains us.
The next target is represented by visiting 0.8500 – 0.8550, with being aware that breaking below 0.8355 – 0.8300 will turn the intraday trend to the downside.
Expected trading range for today is between: 0.8300 support and 0.8450 resistance.
Expected trend for today: Bullish
The pair rallied to the upside approaching from the waited targets starting at 1.0550, and it is affected now by Stochastic negativity.
In general, we still suggesting the continuation of the intraday bullish trend depending on the organized trading inside the bullish channel shown in the image, our main target is located at the channel resistance at 1.0600, supported by EMA50.
Expected trading range for today is between: 1.0400 support and 1.0650 resistance.
The narrow range remains controlling the intraday trading of the crude oil, where it’s moving near the minor bullish channel support, while it was achieving converging daily close since the week beginning
The narrow trading makes us prefer continuing in the general neutral attitude and suggesting the sideways trading range on the intraday basis, the lines of this range are represented by 85.35 support and 89.15 resistance.
Expected trading range for today is between: 83.50 support and 88.50 resistance.
Expected trend for today: Sideways