The pair trades near the critical support 0.9240, where we are waiting for clear breach for this level to activate the negative impact for the negative technical pattern shown in the image.
In general, we are continuing in our bearish trend for the short term basis supported by EMA50, and the main targets are located at the psychological barrier 0.9000, while the main condition to achieve it is holding below 0.9400
Expected trading range for today is between: 0.9100 support and 0.9350 resistance.
Expected trend for today: Bearish
The price declined sharply yesterday in attempt to breach the previous breached neckline retest level for the head and shoulders pattern, where it closed the last week trading at 0.8200
For now, we are forced to stay aside to monitor the daily close according to the mentioned level, due to the contradiction between the break below EMA50 , and Stochastic positivity.
Expected trading range for today is between: 0.8100 support and 0.8350 resistance.
Expected trend for today: Neutral
The pair resumes the negative trading, but it closed the last week trading above 1.0420, to postpone the confirmation of this breach, and that makes us continue in our neutrality on the intraday trading.
Note that confirming breaching the mentioned level followed by 1.0365 will ease the way for moving lower and targets 1.0200, while breaching above 1.0525 will turn the price back to the bullish bias again.
Expected trading range for today is between: 1.0200 support and 1.0600 resistance.
Expected trend for today: Neutral
The price continued the positivity to make attempts to breach retest level of the neckline shown in the image, and after settling above the EMA50, the bullish trend will be preferred during the upcoming period, but a daily close above 89.00 is needed to reinforce these expectations.
For now, we prefer staying aside until getting the mentioned daily close.
Expected trading range for today is between: 87.00 support and 93.00 resistance.
Expected trend for today: Neutral