The pair traded positively yesterday effected by Stochastic positivity, closing from the EMA50 which acts as a protecting barrier for the bearish expectations.

In general, the main bearish trend scenario remains valid on the short term basis, reminding you that achieving it requires a clear break below 0.9240 besides settling below 0.9400

Expected trading range for today is between: 0.9100 support and 0.9360 resistance.

Expected trend for today: Bearish

The pair touched the retest level of the main upside channel support which was broken previously, this level is meeting now the critical resistance mentioned yesterday at 0.8355, so it might force the price to bounce down for a while before attempting again to resume the upside trend.

In general, the main bullish overview remains valid, and main condition is to breach above the mentioned resistance to ease the way to hit the next targets starting at 0.8400 followed by 0.8550

Expected trading range for today is between: 0.8200 support and 0.8450 resistance.

Expected trend for today: Bullish

The pair attempted to breach 1.0500 level but failed to settle above it until now, and we can see the clear positive attempts on the intraday basis, which encourages us to continue with our bullish expectations.

The price might need to lean on the EMA50 before heading towards 1.0550-1.0580, noting that breaking below 1.0445 will force the price to visit 1.0365 levels.

Expected trading range for today is between: 1.0365 support and 1.0600 resistance.

Expected trend for today: Bullish

Crude oil broke the support line mentioned yesterday which turns now into resistance at 87.75, this break opens the way for more decline on the intraday basis, while the price found good support for a minor upside channel shown in the image.

This channel hints for a semi-sideways’-trading range for a whlie, considering that breaking this support –at 85.65- will push the price sharply targeting the psychological level at 80.00.

Now, the sideways’ trading will be likely unless the price surpassed on of the critical levels represented by 85.65 support and 89.15 resistance.

Expected trading range for today is between: 84.00 support and 89.15 resistance.

Expected trend for today: Sideways