EUR/USD
The pair is trading in a bearish bias and the downside move was expected since the pair broke 61.8% correction at 1.3230 showing on graph. Linear Regression Indicators are still negative and MACD is showing the extension of the bearish bias. But we notice oversold signals on momentum indicators that require intraday stability today below 1.3185 to keep the bearish possibility without any bullish correction.
Generally, we expect a downside move and touching 76.4% and 78.6% corrections at 1.3050 and 1.3020. A break below the latter extends the downside move intraday.
GBP/USD
The pair extended its negative trading after retesting 1.6625 levels yesterday supported by the negative signal showing on Stochastic, forcing us to move towards the main expected target 1.6285, as breaching 1.6625 pushes the pair towards 1.6800.
AUD/USD
The pair is trading negatively and is retesting the resistance of the previously breached minor descending channel and turned to support now at 0.9280, as the pair should stabilize above this level to keep the positive expectations, whereas the pair should breach 0.9310 again then move back to the upside. A break below 0.9280 pushes the pair towards 0.9190.
