During yesterday trades the pair failed to break the resistance level 1.3643 which represents 23.6% correction level for the bearish direction ( from 1.4281 to 1.3446 ) which led to form a confusion area under this level that reflects the accompanied volatility for the last intraday trades, despite of this confusion area; the expectations refer to break the mentioned resistance level, then the pair will continue rising to reach the target of the bearish channel which was broken up and also which is located at the level 1.3765 which represents 38.2% correction level for the same bearish direction.
This expectation depends on the stability of the support level 1.3550.
Res. 1.3697 1.3753 1.3839
Sup. 1.3555 1.3469 1.3413
The pair is still in the bullish direction that started at the level 0.9551, the pair now is retesting the support level 0.9912 which represents 38.2% correction level for the last bearish wave for the long period then it will rise to test the resistance point at the level 0.9977 which was tested previously at the level 0.9998 but it was not able to hold above it, but if the pair now is able to hold this time, it will target the resistance level 1.0052 which represents 50.0%.
And if the pair couldn’t hold and broke this level, it will target the support level 0.9775.
RES. 1.0019 1.0080 1.0162
Sup. 0.9876 0.9794 0.9733
The pair is still moving inside a bullish channel which was formed for the short period, where the pair formed a new bullish bottom at the support level 1.0155 which pushed the pair up to retest the nearest resistance levels. the pair formed a top at the level 1.0220 which the pair used to push down during the last intraday trades, if this bearish movement continued; the pair will retest again the support level 1.0155 which is expected to be coincide with the bottom for the bullish channel, if the pair is able to break these levels; it will continue falling at the support level 1.0070, in case of the stability for the support level 1.0155 with the stability of the bottom line for the bullish channel move; it's expected that the level 1.0220 will be retested again which with breaking it the pair will continue rising until the level 1.0280.
Res. 1.0240 1.0290 1.0332
Sup. 1.0148 1.0106 1.0056
As expected in yesterday's report, the pair rose to the level 0.9898 which represents 38.2% correction level for the bearish move from ( 1.0182 to 0.9723 ) where the pair formed a top at this level that pushed it down to retest the nearest support levels and this bearish move for the last intraday trades is expected to form the right shoulder for the head and shoulders pattern which is the reflective pattern for the bearish direction and this pattern is a complete for the positive signs which is formed on the pair , which refers that the pair will rise during the next trades, breaking the resistance level 0.9898 with breaking the neck line for the pattern which is mentioned in the chart; the pair will continue rising till the target area for the pattern, which is located between the level 1.0074 that represents 76.4% correction level for the same mentioned bearish direction and the resistance level 1.0100.
This expectation depends on the stability of the support level 0.9810.
Res. 0.9938 0.9980 1.0056
Sup.0.9820 0.9744 0.9702
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