The pair might be forming a harmonic 5-0 Pattern that remains valid with stability below 83.35; if the pair reaches that level the formation might be a bearish Shark Pattern. In Both cases, the downside move is possible, which is a bearish correctional move supported by momentum indicators that shows negative signals.

The trading  range for this week is among key support at 80.00 and key resistance now at 84.15.

The general trend over short term basis is to the  downside  targeting     0.8860     as far as areas of      0.9775        remain intact.

Support 82.25 82.00 81.60 81.25 80.65

Resistance 82.40 82.80 83.00 83.35 83.65

Recommendation Based on the charts and explanations above, our opinion is selling the pair below 82.40 targeting 82.00, 81.60 then 80.65 and stop-loss with four-hour closing above 83.35 might be appropriate this week

Linear Regression Indicators are negative and Relative Strength Index is trading above 50. The bearish technical formation that started from the top at 1.6311 is considered a continuation correction and that means that the general trend for the pair remains bullish. We cannot confirm it unless the pair breaches the key resistance of the downside correction at 1.6070 close to 23.6% correction shown on the chart. Therefore, the upside trend relies on breaching 1.6070 and stabilizing above it .

The trading range for this week is among key support at 1.5880 and key resistance at 1.6310.

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

Support 1.6000 1.5975 1.5960 1.5925 1.5880

Resistance 1.6050 1.6065 1.6100 1.6125 1.6165

Recommendation Based on the charts and explanations above, our opinion is buyin the pair with four-hour closing above 1.6070 targeting 1.6125, 1.6265 then 1.6315 and stop-loss with four-hour closing below 1.5975 might be appropriate this week

The Linear Regression Indicators tend to be positive indicating that the pair is trying to test the key resistance level of the sideways range shown on the chart; this resistance at 1.3095 may trigger a downside correction to test 1.2905 before any new upside attempts as Stochastic offers overbought signals. Therefore, trading below 1.3170 may trigger a temporary bearish correctional before any new upside moves .

The trading range for this week is among key support at 1.2735 and key resistance at 1.3320.

The general trend over short term basis is to the       downside       targeting       1.1865       as far as areas of       1.3550       remain intact.

Support 1.3000 1.2975 1.2905 1.2845 1.2810

Resistance 1.3065 1.3095 1.3120 1.3170 1.3200

Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.3095 targeting 1.3000, 1.2975 then 1.2905 and stop-loss with four-hour closing above 1.3130 might be appropriate this week

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