Euro

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The EUR/USD pair reached the pivot resistance 1.4305 this morning, where it reversed to the downside; due to the importance of this level in deciding the pair's intraday trend. We still maintain our morning analysis, which is an incline on the intraday basis to breach the mentioned resistance level and target 1.4460. Trading must remain above 1.4155 so this expected upside direction to prevail.

The trading range for today is among the key support at 1.3850 and the key resistance at 1.4460.

The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120.

Great British Pound (GBP)

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The cable attempted to breach the minor resistance level this morning at 1.6540, whereas the pair returned to trade below this level while building a base on 1.6490. We still expect that chances of achieving an intraday incline (as mentioned in our morning report), while we await confirmation if the four-hour candle closed above 1.6540 to make things easier for the pair to reach its awaited first target at 1.6685. Achieving these expectations requires 1.6320 remaining intact, essentially.

The trading range for today is among the key support at 1.6155 and the key resistance at 1.6740.

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100.

Japanese Yen (JPY)

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After the USD/JPY pair was based on the new support at 94.90, the pair achieved a fast decline, which was accomplished by a minor bearish technical pattern appearing on the short intraday basis as mentioned in our short messages earlier. The target for this bearish pattern was achieved and is awaiting the pair's return to achieve the expected incline on an intraday basis  heading towards 96.75. Notice: 93.70 remaining intact is vital for the upside direction to prevail for today.

The trading range for today is among the key support at 91.80 and the key resistance at 98.80.

The general trend is to the upside as far as 102.60 remains intact with targets at 84.95 and 82.60.

Swiss Franc (CHF)

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The USD/CHF pair managed to breach the key support 1.0685, to start its expected downside trend on an intraday basis . Chances of achieving this downside movement remains intact, if the pair trades below the resistance at 1.0860.

The trading range for today is among the key support at 1.0365 and the key resistance at 1.0980.

The general trend is to the upside as far as 1.0570 remains intact with targets at 1.2245.

Canadian Dollar (CAD)

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The USD/CAD pair breached the key support at 1.0785, which was expected for today. From here we maintain our morning predictions that point to achieving a downside movement on an intraday basis , where its first target is at 1.0660 supporting the bearish short term direction that targets 1.0300 levels. 1.0935 remaining intact is vital for the expected downside movement to prevail.

The trading range for today is among the key support at 1.425 and the key resistance at 1.1010.

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300.