EURUSDThe pair was able to achieve yesterday’s awaited ascending actions to touch the primary target around 1.2670, where it continues to move within the minor bullish channel shown in the image below.
Some minor bearish correction is expected due to the negativity of momentum indicators, where we expect the pair to touch 1.2610 beforecontinuing the bullish intraday trend; the main target is around 1.2780. Keep in mind that the breach of 1.2540 could postpone achieving the suggested bullish targets.The trading range for today is among the key support at 1.2470 and the key resistance at 1.2840.The short term trend is to the downside as far as 1.3770 remains intact with targets at 1.1700.
The trading range for today is among the key support at 1.5080 and the key resistance at 1.5360.
The trading range for today is among the key support at 87.00 and the key resistance at 89.45.
The pair succeeded in trading according to yesterday’s suggested scenario perfectly, managing to stabilize around the awaited target 1.0500. The pair finds strong support at this level which could push it towards resistance for the bearish short term channel that has currently descended to 1.0570, before heading for more expected bearish movement over an intraday basis; technical targets start at 1.0425 then 1.0350. For the bearish trend to prevail it requires trading to remain below 1.0570 – 1.0600.
The trading range for today is among the key support at 1.0350 and the key resistance at 1.0640.The short term trend is to the upside as far as 1.0200 remains intact with targets at 1.2295.
The pair resumes yesterday’s bearish trend after retesting support for the previously breached bullish channel, pointed out in our midday report yesterday. Through the four-hour chart, the pair was able to breach the neckline for the bearish trend at 1.0480 that makes us expect that the pair will witness a bearish intraday direction; primary targets start at 1.0340. We could witness some fluctuation due to the positivity on momentum indicators to retest the mentioned neckline, before achieving the bearish targets that require stability below 1.0540 to prevail.
The trading range for today is among the key support at 1.0265 and the key resistance at 1.0540.The short term trend is to the upside as far as 0.9925 remains intact with targets at 1.1485.