The pair continues the bullish move within the ascending channel provided above. After several attempts of stability above 23.6% Fibonacci correction, we expect the bullishness to continue this week supported by the positivity on Stochastic. A symmetrical triangle is seen over daily basis and the pair needs to consolidate above 1.4015 to add more confirmations for the scenario; targets start from 1.4250 and require steady daily closing above 1.3800.

The trading range for today is among the major support at 1.3800 and the major resistance at 1.4420.

The short term trend is to the upside as far as 1.3140 is intact with targets at 1.5135.

Support 1.3950 1.3900 1.3850 1.3805 1.3725

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Resistance 1.4015 1.4085 1.4160 1.4200 1.4250

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Recommendation Based on the charts and explanations above our opinion is buying the pair with four-hour closing above 1.4015 targeting 1.4250 and stop loss below 1.3900 might be appropriate this week 

The pair was capable of returning to stabilize above the main support for the ascending channel which was temporarily breach and currently resides at 1.6025. Momentum indicators are providing overbought signals which might increase the volatility and fluctuations around the mentioned support. Nonetheless, we generally expect a bullish move today targeting initially 1.6250 and then 1.6360. Note that a daily closing below 1.6025 might delay the suggested upside targets.

The trading range for today is among the major support at 1.5860 and the major resistance at 1.6360.

The short term trend is to the upside with steady daily closing above 1.5610 with targets at 1.7000.

Support 1.6025 1.5950 1.5900 1.5820 1.5800

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Resistance 1.6070 1.6110 1.6150 1.6200 1.6260

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Recommendation Based on the charts and explanations above our opinion is buying the pair around 1.6025 targeting 1.6250 and stop loss below 1.5900 might be appropriate this week

The pair fluctuated strongly since the start of this week’s trading yet now stabilized around the retest areas for the minor descending channel within the main downside channel as shown above. Stability below the 50 MA keeps the bearish pressure valid on the pair and accordingly we expect a bearish move this week, yet might be restricted by bullish momentum over four-hour basis. The main target resides around 78.70 and requires a clear breach for 80.15 in addition to daily closing below 81.15.

The trading range for today is among the major support at 77.70 and the major resistance at 82.00.

The short term trend is to the downside as far as 91.55 remains intact with targets at 77.70.

Support 80.15 79.80 79.20 78.70 78.00

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Resistance 81.15 81.85 82.35 82.60 83.45

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Recommendation Based on the charts and explanations above our opinion is selling the pair with the breach of 80.15 targeting 78.70 and stop loss above 81.15 might be appropriate this week 

The pair is trading around the critical support at 0.9795, this level represents the retest for the previously breached rising wedge and as well the support for the ascending channel and the 50 MA; also we have the bearish technical pattern which was explained last Friday. The negative pressure on the pair signals that it might have settled for the upside correction which reached 0.9925 and accordingly we expect a downside move this week starting with the breach and stability below 0.9795 targeting 0.9600. This scenario requires steady daily closing below 0.9915.

The trading range for today is among the major support at 0.9550 and the major resistance at 1.0000.

The short term trend is to the downside with steady daily closing below 1.0235 targeting 0.8000.

Support 0.9795 0.9700 0.9640 0.9600 0.9540

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Resistance 0.9875 0.9915 0.9985 1.0025 1.0065

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Recommendation Based on the charts and explanations above our opinion is selling the pair with the breach of 0.9795 targeting 0.9600 and stop loss above 0.9915 might be appropriate 

The pair settled below the critical support at 1.0190 which represents the neckline for a bearish pattern, confirming the end of trading within the ascending channel which controlled trading last month. Some fluctuation is expected around the breached support before resuming the expected bearishness this week supported by the MA that continues to pressure the pair targeting 1.0000 then 0.9925. The expected bearishness requires steady daily closing below 1.0275.

The trading range for today is among the major support at 0.9800 and the major resistance at 1.0275.

The short term trend is to the upside as far as 0.9925 is intact with targets at 1.1485.

Support 1.0165 1.0125 1.0090 1.0025 1.0000

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Resistance 1.0190 1.0275 1.0325 1.0400 1.0465

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Recommendation Based on the charts and explanations above our opinion is selling the pair around 1.0190 targeting 0.0025 and stop loss above 1.0275 might be appropriate