The pair pushed upwards towards the vital resistance level for the short term trend at 1.3760, where this level represents the neckline for the bullish technical pattern that is presently being formed; requiring the breach and stability above this level to activate it. Opening trading this week represents the bullish gap that may push the pair to resume the bearish trend to cover this gap – around 1.3680 – before resuming the bullish overall trend this week is supported by above SMA 50. The expected targets start at 1.4000, which requires a daily closing above 1.3565 to prevail.

The trading range for today is among the key support at 1.3565 and the key resistance at 1.4080.

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

Support 1.3715 1.3680 1.3645 1.3605 1.3565

--------------------------------------------------------------------------------

Resistance 1.3760 1.3830 1.3865 1.3900 1.3960

--------------------------------------------------------------------------------

Recommendation Based on the charts and explanations above our opinion is buying the pair above 1.3760 targeting 1.3960 and stop loss below 1.3645, might be appropriate.

The pair pushed upwards towards the vital resistance level for the short term trend at 1.3760, where this level represents the neckline for the bullish technical pattern that is presently being formed; requiring the breach and stability above this level to activate it. Opening trading this week represents the bullish gap that may push the pair to resume the bearish trend to cover this gap – around 1.3680 – before resuming the bullish overall trend this week is supported by above SMA 50. The expected targets start at 1.4000, which requires a daily closing above 1.3565 to prevail.

The trading range for today is among the key support at 1.3565 and the key resistance at 1.4080.

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

Support 1.3715 1.3680 1.3645 1.3605 1.3565

--------------------------------------------------------------------------------

Resistance 1.3760 1.3830 1.3865 1.3900 1.3960

--------------------------------------------------------------------------------

Recommendation Based on the charts and explanations above our opinion is buying the pair above 1.3760 targeting 1.3960 and stop loss below 1.3645, might be appropriate.

The pair found a strong barrier around 83.80 that represents the suggested neckline for the bullish trend that is currently being formed. Momentum indicators are moving near overbought areas that may result in some fluctuation and bearish slant, but we do not expect it to surpass 82.85 before resuming the bullish weekly trend that will be gaining a strong push by surpassing 83.80, and then activating the bullish pattern’s effect. Expected targets start at 85.00 then 85.90, although essentially requiring a base to be built above 81.70.

The trading range for today is among the key support at 81.70 and the key resistance at 85.90.

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

Support 82.85 82.15 81.70 81.25 80.80

--------------------------------------------------------------------------------

Resistance 83.80 84.40 85.00 85.90 86.25

--------------------------------------------------------------------------------

Recommendation Based on the charts and explanations above our opinion is buying the pair with the breach of 83.80 targeting 85.90 and stop loss below 82.85, might be appropriate.

The pair found a strong barrier around 83.80 that represents the suggested neckline for the bullish trend that is currently being formed. Momentum indicators are moving near overbought areas that may result in some fluctuation and bearish slant, but we do not expect it to surpass 82.85 before resuming the bullish weekly trend that will be gaining a strong push by surpassing 83.80, and then activating the bullish pattern’s effect. Expected targets start at 85.00 then 85.90, although essentially requiring a base to be built above 81.70.

The trading range for today is among the key support at 81.70 and the key resistance at 85.90.

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

Support 82.85 82.15 81.70 81.25 80.80

--------------------------------------------------------------------------------

Resistance 83.80 84.40 85.00 85.90 86.25

--------------------------------------------------------------------------------

Recommendation Based on the charts and explanations above our opinion is buying the pair with the breach of 83.80 targeting 85.90 and stop loss below 82.85, might be appropriate.

The pair stabilized within the descending short term channel since its resistance level is at 1.0195, while the pair is currently attempting to surpass SMA 50 and build a base below it to support the bearish wave’s continuation mentioned in our previous reports. Stochastic is nearing oversold areas, which could assist the pair in revisiting the previously mentioned resistance level and head towards resuming the expected overall bearish trend for this week; initial targets start at 0.9925 then 0.9815. As the daily interval remains below 1.0195 it maintains chances of achieving these vital expectations.

The trading range for today is among the key support at 0.9750 and the key resistance at 1.0340.

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

Support 1.0125 1.0090 1.0000 0.9955 0.9925

--------------------------------------------------------------------------------

Resistance 1.0195 1.0275 1.0340 1.0400 1.0465

--------------------------------------------------------------------------------

Recommendation Based on the charts and explanations above our opinion is selling the pair around 1.0195 targeting 0.9925 and stop loss above 1.0340, might be appropriate.