EUR/USD - European Session
EUR/USD inched higher after failing to remain stable below 88.6% correction at 1.2885 showing on graph. Despite that, the pair is still stable below Linear Regression Indicators and below the resistance 1.2960 forcing us to keep the negative expectations.
In fact, we cannot go back to positivity unless the pair breaches 1.3020 - 1.3050; but intraday, stability below 1.2960 is significant to strengthen the possibility of a bullish correction.
GBP/USD - European Session
The pair is trading within a sideways range as showing on graph, whereas it was affected by the positivity of momentum indicators that halted the bearish wave temporarily, while we wait for the bearish correctional bias to continue targeting testing the psychological barrier 1.6000. Of note, stabilizing below 1.6285 keeps the bearish expectations valid, whereas a break above this level pushes the pair towards 1.6625 mainly before attempting to bring back the bearish correctional move.
AUD/USD - European Session
The levels of 0.9230 failed to resist the strong negative pressure as the pair broke it and then 0.9190, indicating that the pair is on its way to visit 50% correction at 0.9095. The intraday expectations are becoming bearish today unless the pair breaches 0.9190 - 0.9225 and stabilizes above it.
