The pair was able to reach the first main waited target at 0.9240, while we are waiting to be breached to confirm the bearish trend continuation.
Stochastic positivity might force the price to achieve some bullish bounce and sideways range before the mentioned breach attempt which will target 0.9000 as a next main station.
Expected trading range for this week is between: 0.9000 support and 0.9400 resistance.
Expected trend for this week: Bearish
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The pair was able to move away from 0.8145 and settled above 0.8200, which reinforces our expectations of continuing the bullish trend on the intraday and short term basis, where the main initial target is exists now at 0.8300, and breaching it will be the key for more bullish moves.
MoreThe pair achieved a strong bullishness to approach from retesting the previous breached rising wedge support, which is located now at 1.0485
MoreCrude oil traded positively on last Friday to approach from the critical retesting level 88.80, which is considered as the key that defines the next trend on the short term basis.
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