Analytic reviews

The overall trend is upward. The presumptive correction (a truncated construction of the M30 level) tested the zone of 365 and 135 moving averages. The round intermediate level of 1650.0 restrains sellers.

Buy while an ascending pattern is forming, where the wave (as) breaks through the inclined channel of the descending truncated pattern of the M30 level.

Stop loss under the round intermediate level 1650.0.

Target levels: 1700.0 (a trap for pros and round the important level); 1720.0.

The Australian dollar versus the US dollar tested a test of 0.6670 yesterday and rebounded significantly from there, and we notice that the price starts today with an additional drop to move without resisting the descending channel, which supports the continuation of the main downside scenario, whose first target is located at 0.6430.

Consequently, we will maintain our bearish expectations during the upcoming sessions unless the price rushes to breach the 0.6670 level and hold above it.

The expected trading range for today is between 0.6450 support and 0.6640 resistance.

Expected trend for today: bearish.

The single currency euro fell during the Asian session to witness its bounce for the second consecutive session from the top since late January of 2019 against the US dollar on the cusp of developments and economic data expected today by the economies of the euro area and amid the scarcity of economic data at the beginning of this week from Before the American economy, the largest economy in the world.

At 05:39 am GMT, the euro pair fell against the US dollar by 0.90% to 1.1347 levels compared to the opening levels at 1.1450 after the pair achieved its lowest level during the trading session at 1.1338, while achieving the highest at 1.1460.

Currently, France is looking to the second largest economy in the euro area for the release of the industrial production reading, which may reflect a rise of 1.8% compared to a decline of 2.8% in the previous reading last December, before we witness the disclosure of the same reading by Italy, the third largest economy in the region. It may also explain a 1.6% rise versus a 2.7% decline in December.

This comes before we witness the release of the end reading of the change in employment for the euro area as a whole, which may reflect stability at 0.3%, little change from the initial reading for the fourth quarter and 0.1% in the last third quarter, in conjunction with the disclosure of the seasonally adjusted final reading of the region's GDP Which may reflect the stability of the expansion at 0.1%, little change from the initial reading, compared to 0.1% the previous reading for the third quarter.

The annual reading of the euro area GDP as a whole may also show stability growth at 0.9%, little changed from the previous initial reading and compared to 1.2% in the previous annual reading for the third quarter, otherwise, we followed yesterday the European Commission President Ursula von der Line expressed the desire of the Union The European side has to maintain strong relations with Britain, adding that Britain must think seriously and abide by the union's unified market laws if it wants to reach it.

Otherwise, yesterday we followed US President Donald Trump's press conference on Corona Virus in Washington through which he noted that his administration will discuss a possible salary tax cut with the Congress and that there will be "major" economic announcements Tuesday, and in the same context, Italy added restrictions Travel to the closed northern region. In another context, US Treasury Secretary Stephen Mnuchin has rejected comparisons of the current situation with the financial crisis.

We would like to point out, because the Director-General of the World Health Organization noted yesterday that the risk of the Corona virus turning into a global pandemic has become a reality, although he expressed that despite this it is still possible to contain the spread of this dangerous virus, explaining that it is strategic that must focus on containing and stopping the spread of the virus And adding that he is optimistic about the strong measures taken by Italy and hopes for positive results of these measures.

Technical analysis

The EURUSD pair finds it difficult to surpass the 1.1457 level, which represents the 38.2% Fibonacci retracement level for the entire drop measured from 1.2555 to 1.0778, to make some bearish correction for the recent bullish wave, affected by the stochastic negativity.

Until now, the overall positive scenario remains valid for the coming period unless the 1.1325 level is broken and stability below it, as breaking this level will press the price to make more bearish correction, while a break of 1.1457 represents the key to the rally towards 1.1666 as the next main station.

The expected trading range for today is between 1.1300 support and 1.1470 resistance.

Expected trend for today: bullish.

Gold price futures fell during the Asian session to witness their rebound for the second consecutive session from the lowest since December 18, 2012 amid the dollar index rebound to the second session from the lowest since 27 August 2018 according to the inverse relationship between them after the developments and economic data that It was adopted today Tuesday by the Chinese economy, the largest gold producer in the world and the largest consumer of minerals in the world, and amid the scarcity of economic data at the beginning of this week by the American economy, the largest economy in the world and in the shadow of concern about the spread of the Corona virus globally.

At exactly 03:46 AM GMT, gold price futures for April delivery fell 0.72% to trade at $ 1,667.60 per ounce compared to the opening at $ 1,679.60 per ounce, knowing that the contracts started the session’s trading on an upward price gap after yesterday’s trading was concluded At $ 1,675.70 an ounce, with the US dollar index rising 0.04% to 95.38 compared to the opening at 95.34.

On the Chinese economy, we followed the disclosure of inflation data with the release of the annual CPI reading, which showed slowing growth to 5.2%, in line with expectations, compared to 5.4% in January, while the annual reading of the PPI, which is an initial indicator of inflation, resumed marches. Deflation, which stopped for the first time in the eight months of the previous month, with a 0.4% contraction versus 0.1% growth, worse than expectations for a 0.3% contraction.

Otherwise, yesterday we followed US President Donald Trump's press conference on Corona Virus in Washington through which he noted that his administration will discuss a possible salary tax cut with the Congress and that there will be "major" economic announcements Tuesday, and in the same context, Italy added restrictions Travel to the closed northern region. In another context, US Treasury Secretary Stephen Mnuchin has rejected comparisons of the current situation with the financial crisis.

We would like to note that the Director-General of the World Health Organization noted yesterday that the danger of the Corona virus turning into a global pandemic has become a reality, although he expressed that despite this it is still possible to contain the spread of this dangerous virus, explaining that it is strategic that must focus on containing and stopping The spread of the virus, adding that he is optimistic about the strong measures taken by Italy and hopes for positive results of these measures.

Technical analysis

Gold price is trading negatively now on its way to a possible test for pivotal support 1633.60, as the price finds difficulty in surpassing the level of 1689.33, awaiting obtaining a strong positive incentive that supports the chances of achieving the breach and confirming the extension of the upside wave towards our next main target which reaches 1735.50.

In general, the bullish trend scenario will remain valid unless the 1633.60 level is broken and stability below it, as breaking this level will press the price to return to the corrective correctional path again and achieve negative targets that start at 1599.10.

The expected trading range for today is between 1645.00 support and 1690.00 resistance.

Expected trend for today: bullish.

The US dollar rose during the Asian session to witness its bounce to the second session from the lowest since October 3, 2016 against the Japanese yen after the developments and economic data that were adopted today by the Japanese economy and amid the scarcity of economic data at the beginning of this week by the American economy, the largest economy In the world.

At 06:04 am GMT, the US dollar pair rose against the Japanese yen by 2.26% to 104.67 levels compared to the opening levels at 102.36, after the pair achieved its highest level during the trading session at 105.02, while achieving the lowest at 102.02.

We have followed about the Japanese economy, the Bank of Japan revealed the annual reading of the M-2 bank lending index, which showed an acceleration in the pace of growth to 3.0% compared to the previous annual reading last January and expectations at 2.8%, and this came before we witnessed the disclosure of the initial reading Annual index of machinery rates for the past month, which reflected a decline in the decline to 30.1%, compared to 35.6% in January.

Otherwise, yesterday we followed US President Donald Trump's press conference on Corona Virus in Washington through which he noted that his administration will discuss a possible salary tax cut with the Congress and that there will be "major" economic announcements Tuesday, and in the same context, Italy added restrictions Travel to the closed northern region. In another context, US Treasury Secretary Stephen Mnuchin has rejected comparisons of the current situation with the financial crisis.

We would like to point out, because the Director-General of the World Health Organization noted yesterday that the risk of the Corona virus turning into a global pandemic has become a reality, although he expressed that despite this it is still possible to contain the spread of this dangerous virus, explaining that it is strategic that must focus on containing and stopping the spread of the virus And adding that he is optimistic about the strong measures taken by Italy and hopes for positive results of these measures.

Technical analysis

The dollar pair against the yen achieved a remarkable rise yesterday to compensate for a large part of the losses incurred in the previous sessions, as it is re-testing the previously broken support at 104.63, awaiting the bounce down to resume the main bearish trend.

In general, the negative scenario will remain effective unless the 104.63 level is breached and stability above it, as breaching it will push the price to achieve more gains and visit 105.40 then 1.0670 levels, while our next negative target is at 100.25.

The expected trading range for today is between 103.30 support and 105.30 resistance.

Expected trend for today: bearish.

The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce to the eighth session in twelve sessions from the top since April 25, showing the lowest since September 3 against the Japanese yen after the economic data by the Japanese economy Following the speech of the members of the Federal Open Market Committee and on the cusp of developments and economic data expected on Friday by the American economy, which includes the speech of another member of the Federal Committee for the Open Market.

At exactly 6:20 am GMT, the US dollar pair fell against the Japanese yen by 0.22% to 105.93 levels compared to the opening levels at 106.16, after the pair achieved its lowest level in six months at 105.76, while it achieved its highest during the trading session at 106.34 .

On the Japanese economy, we continued to disclose the data for January with the release of the annual reading of the household spending index, which showed a decline in the decline to 3.9% in line with expectations and against 4.8% last December, in conjunction with the annual reading of the average income showed an increase of 1.5% Against a 0.2% decline, beating expectations for a 0.2% rise in December.

This came before we witnessed by the third largest economy in the world revealing the initial reading of the leading indicators, which showed a decrease to 90.3 compared to 91.6 in December, worse than expectations that indicated a decrease to a value of 91.3, while the initial reading of the confidence index showed Up to 94.7 versus 94.1 in December, beating expectations for a 94.5 rise.

We would like to point out that Japanese Prime Minister Shinzo Abe expressed last Tuesday that his government is fully prepared to expand the fiscal stimulus policy and launch a spending package to face many risks, pointing out that this package will be funded from the surplus of the current fiscal year’s budget, which expires at the end of this month and the financial budget For the coming fiscal year, adding that his government is closely watching the impact of the Corona virus on the global and Japanese economy.

Japanese Prime Minister Abe also stressed that his government would not hesitate to take more steps to support demand in the third largest economy in the world, and this came hours after he expressed last Monday that he was preparing a law enabling him to declare a state of emergency in his country due to the spread of Corona virus which coronavirus that started in Wuhan, China and spread recently in many countries including Japan.

In another context, we also followed on Monday, Bank of Japan Governor Harikiko Kuroda pledged that the Bank of Japan would take the necessary steps to stabilize the financial markets, and the Japanese central bank quickly showed the type of measures that it would take by offering to buy 500 billion yen ($ 4.6 billion) of Government bonds by repurchase agreement to provide liquidity to market participants, which in turn contributed to allaying investor concerns about the spreading risk.

On the other hand, we have just followed the talk of members of the Federal Open Market Committee, President of the Minneapolis Federal Reserve Bank Neil Kashkari, who participated in a panel discussion at the University of Minnesota in St. Paul, and the talk of New York Federal Reserve Chairman John Williams about monetary policy and economics at the services dinner. Finance for the New York Foreign Policy Association.

This came amid markets' aspiration to reveal the US labor market data for the past month, which may reflect the stability of unemployment rates at 3.6%, little changed from what they were in January, with a reading of the employment change index for sectors other than agriculture showed a slowdown in the pace of job creation To 175 thousand jobs compared to 225 thousand jobs in January, while reading the hourly average income index may show that growth accelerated to 0.3% compared to 0.2%.

This comes in conjunction with the release of the trade balance reading, which may reflect the narrowing of the deficit to $ 46.3 billion compared to $ 48.9 billion in December, and before the disclosure of the final reading of the wholesale inventory index, which may explain the stability of the decline at 0.2%, up to the participation of Williams along with a member Another on the Federal Reserve is Boston Fed President Eric Rosengren at a panel discussion titled "Monetary Policy and Lower Zero" in New York.

It is noteworthy that the Federal Reserve held a surprising meeting last Tuesday through which the members of the Federal Open Market Committee decided to reduce the interest on federal funds by 50 basis points to between 1.00% and 1.25% after fixing them in the previous two meetings of the Federal Reserve at between 1.50% and 1. 75%, and after reducing it three times by 25 basis points in previous meetings last year.

In the same vein, we also followed up on Tuesday, the press conference held by Federal Reserve Governor Jerome Powell after the decision to suddenly reduce markets to short-term benchmark interest rates, through which he noted that the decision came to support the American economy, while touching that over the past years wages increased and improved The labor market and that the committee has repeatedly stressed that the current monetary policy is appropriate.

Technical analysis

The dollar versus yen pair succeeded in achieving our awaited target at 106.28 yesterday, and we notice that the price broke this level and closed the daily candle below it, and today begins with a further decline that supports the chances of heading towards the previously recorded low at 104.45 as a next negative station.

Thus, the downside trend will remain dominant in the intraday and short term, supported by the EMA50, noting that breaching 106.28 might push the price to start recovery attempts and make a temporary bullish correction.

The expected trading range for today is between 104.90 support and 106.50 resistance.

Expected trend for today: bearish.

Gold price futures fluctuated in a narrow range that tilted back down during the Asian session to witness its rebound from its highest since February 24, when it tested its highest since January 23, 2013 amid the dollar index rebound to the ninth session in twelve sessions from the top It has been since April 21, 2017, explaining the lowest since January 2, according to the inverse relationship between them following the speech of the members of the Federal Committee and on the threshold of the expected economic data today by the American economy, which includes the speech of another member of the Federal Committee.

At exactly 04:06 AM GMT, gold price futures for April delivery decreased 0.20% to trade at $ 1,669.80 per ounce compared to the opening at $ 1,673.10 per ounce, knowing that the contracts started the trading session on an upward price gap after yesterday's trading was concluded At $ 1,668.00 an ounce, while the US dollar index fell 0.06% to 96.56 compared to the opening at 96.62.

We have just followed the talk of members of the Federal Open Market Committee, President of the Federal Reserve Bank of Minneapolis Neil Kashkari, who participated in a panel discussion at the University of Minnesota in St. Paul, and the talk of New York Federal Reserve Chairman John Williams about monetary policy and economics at the Financial Services Dinner of the Foreign Policy Association in New York.

This came amid markets' aspiration to reveal the US labor market data for the past month, which may reflect the stability of unemployment rates at 3.6%, little changed from what they were in January, with a reading of the employment change index for sectors other than agriculture showed a slowdown in the pace of job creation To 175 thousand jobs compared to 225 thousand jobs in January, while reading the average hourly income index may show that the growth accelerated to 0.3% compared to 0.2%.

This comes in conjunction with the release of the trade balance reading, which may reflect the narrowing of the deficit to $ 46.3 billion compared to $ 48.9 billion in December, and before the disclosure of the final reading of the wholesale inventory index, which may explain the stability of the decline at 0.2%, up to the participation of Williams along with a member Another on the Federal Reserve is Boston Fed President Eric Rosengren at a panel discussion titled "Monetary Policy and Lower Zero" in New York.

Other than that, last Wednesday, we followed the report that touched upon the fact that the US Congress approved a $ 8.3 billion financing package to support stakeholders in the fight against the Corona Virus, and we also followed up on Wednesday the announcement of the Director of the International Monetary Fund, Kristalina Georgieva, about a $ 50 billion aid package allocated to countries ’markets Low income and emerging around the world in the form of interest-free loans as part of efforts to combat the global spread of the Corona virus.

In the same context, Georgieva, in her speech yesterday to the "CN-NBC", expressed that the Fund would like to see the use of those funds allocated as an aid package, first to enhance health care and then to the targeted financial stimulus program and to enhance liquidity in emerging markets, and that came The package of aid after many international central banks cut interest rates and benefited from their intention to expand the adoption of stimulus if necessary.

It is noteworthy that Bank of Japan Governor Harhiko Kuroda pledged earlier this week that the Bank of Japan will take the necessary steps to stabilize the financial markets, and the Japanese Central Bank has quickly demonstrated the type of measures it will take by offering to buy 500 billion yen ($ 4.6 billion) of government bonds. With the repurchase agreement to provide liquidity to market participants, which in turn contributed to allaying investor concerns regarding the risks of the spread of Corona.

This was followed by the Reserve Bank of Australia’s resumption of interest rates on Tuesday, with the rate cut by 25 basis points to the lowest level ever at 0.50%, which came in line with expectations, with the benefit from the Australian Central Bank’s interest rate statement preparing the Bank of Australia The reserve for further reduction later, after fixing it in the previous three meetings and following its reduction three times by 25 basis points last year.

Also, we followed up on Tuesday, the Federal Reserve held a sudden meeting, during which members of the Federal Open Market Committee decided to reduce the interest on federal funds by 50 basis points to between 1.00% and 1.25% after fixing them in the previous two meetings of the Federal Reserve at between 1.50% and 1. 75%, following its three-fold reduction of 25 basis points in previous meetings last year.

Technical analysis

Gold price continues the bullish rally to approach our awaited target at 1689.33, and the price moves within the bullish channels that appear in the picture, which supports the chances of achieving a further rise in the intraday and short term, noting that exceeding the mentioned level will push the price to 1735.50 as the next main station.

Consequently, the bullish trend scenario will remain valid and active during the upcoming sessions supported by the EMA50, noting the importance of holding above 1633.60 to continue the suggested rise.

The expected trading range for today is between 1660.00 support and 1700.00 resistance.

Expected trend for today: bullish.

The euro currency fluctuated in a narrow range tilted towards the decline during the Asian session to witness its rebound from above since August 6, 2019 against the US dollar after the members of the Federal Open Market Committee talk and on the cusp of developments and economic data expected on Friday by the economies of the euro area and the American economy That includes the talk of another member of the Federal Open Market Committee.

At exactly 05:34 am GMT, the euro against the US dollar fell 0.01% to 1.1236 levels compared to the opening levels at 1.1238 after the pair achieved its lowest level during the trading session at 1.1212, while achieving the highest in seven months at 1.1249.

Markets are looking by Germany, the euro zone’s largest economy, for the release of factory orders reading, which may show a 1.5% rise versus a 2.1% decline in last December, while an annual seasonally adjusted reading may reflect a shrinking decline to 5.4% versus 8.7%, before To witness by France, the second economy in the region, the reading of the trade balance showed that the deficit widened to 4.9 billion euros, compared to 4.1 billion euros in December.

This comes before we witnessed by Italy, the region's third largest economy, that the retail sales reading showed that growth slowed to 0.3% compared to 0.5% in December. Otherwise, we followed yesterday. European Union Trade Commissioner Phil Hogan said that the trade talks What happened between Brussels and Washington has been constructive so far, while the chief commissioner of the European Union, Michel Barnier, also noted yesterday that both the European Union and Britain are able to reach a good agreement despite the very difficult differences between the two sides.

On the other hand, we have just followed the talk of members of the Federal Open Market Committee, President of the Minneapolis Federal Reserve Bank Neil Kashkari, who participated in a panel discussion at the University of Minnesota in St. Paul, and the talk of New York Federal Reserve Chairman John Williams about monetary policy and economics at the services dinner. Finance for the New York Foreign Policy Association.

This came amid markets' aspiration to reveal the US labor market data for the past month, which may reflect the stability of unemployment rates at 3.6%, little changed from what they were in January, with a reading of the employment change index for sectors other than agriculture showed a slowdown in the pace of job creation To 175 thousand jobs compared to 225 thousand jobs in January, while reading the hourly average income index may show that growth accelerated to 0.3% compared to 0.2%.

This comes in conjunction with the release of the trade balance reading, which may reflect the narrowing of the deficit to $ 46.3 billion compared to $ 48.9 billion in December, and before the disclosure of the final reading of the wholesale inventory index, which may explain the stability of the decline at 0.2%, up to the participation of Williams along with a member Another on the Federal Reserve is Boston Fed President Eric Rosengren at a panel discussion titled "Monetary Policy and Lower Zero" in New York.

It is noteworthy that the Federal Reserve held a surprising meeting last Tuesday through which the members of the Federal Open Market Committee decided to reduce the interest on federal funds by 50 basis points to between 1.00% and 1.25% after fixing them in the previous two meetings of the Federal Reserve at between 1.50% and 1. 75%, and after reducing it three times by 25 basis points in previous meetings last year.

In the same vein, we also followed up on Tuesday, the press conference held by Federal Reserve Governor Jerome Powell after the decision to suddenly reduce markets to short-term benchmark interest rates, through which he noted that the decision came to support the American economy, while touching that over the past years wages increased and improved The labor market and that the committee has repeatedly stressed that the current monetary policy is appropriate.

Technical analysis

The euro against the dollar succeeded in touching our awaited target at 1.1240 and attempts are being made to breach it, so that the bullish wave is likely to extend in the short term, as our next target is at 1.1418.

SMA 50 supports the expected rise, and the price may witness a temporary negative fluctuation due to the negative effect of stochastic indicator before resuming the suggested bullish trend, noting that a break of 1.1137 will stop the expected rise and press the price to start a bearish correction in the intraday basis.

The expected trading range for today is between 1.1140 support and 1.1330 resistance.

Expected trend for today: bullish.

The Australian dollar fell during the Asian session to witness its bounce to the fourth session from the top since February 20, while it is still in the process of the first weekly gains in three weeks against the US dollar after the developments and economic data that it had reported on the Australian economy and in the wake of the members of the Federal Open Market Committee On the cusp of developments and economic data expected on Friday by the US economy, which includes the talk of another member of the Federal Open Market Committee.

At exactly 02:37 am GMT, the Australian dollar pair fell against the US dollar by 0.30% to 0.6594 levels compared to the opening levels at 0.6614, after the pair achieved its lowest level during the trading session at 0.6590, while the pair achieved its highest at 0.6624.

We have followed the Australian economy about the disclosure of the services index reading by the Australian Industrial Group (AIG), which reflected the widening of the contraction to 47.0 compared to 47.7 last January, and this came before we witnessed the release of the retail sales index, which indicated the widening decline To 0.7%, compared to 0.3% last December, beating expectations for 0.4% growth.

This came hours after last Wednesday's disclosure of the fourth quarter growth data, which showed a slowdown in the pace of growth to 0.5% compared to 0.6% in the third quarter, outperforming the forecasts for 0.4% growth, while the annual reading of the GDP indicator showed that the growth accelerated to 2.2% Compared to 1.8% in the third quarter, also outperforming expectations for accelerated growth to 2.0%.

Last Tuesday, we also followed the Reserve Bank of Australia’s resumption of interest rates during the current year, with a 25 basis point cut to the lowest level ever at 0.50%, which came in line with expectations, with the benefit from the Australian Central Bank’s interest rate statement preparing the Bank of Australia The reserve for further reduction later, after fixing it in the previous three meetings and following its reduction three times by 25 basis points last year.

On the other hand, we have just followed the talk of members of the Federal Open Market Committee, President of the Minneapolis Federal Reserve Bank Neil Kashkari, who participated in a panel discussion at the University of Minnesota in St. Paul, and the talk of New York Federal Reserve Chairman John Williams about monetary policy and economics at the services dinner. Finance for the New York Foreign Policy Association.

This came amid markets' aspiration to reveal the US labor market data for the past month, which may reflect the stability of unemployment rates at 3.6%, little changed from what they were in January, with a reading of the employment change index for sectors other than agriculture showed a slowdown in the pace of job creation To 175 thousand jobs compared to 225 thousand jobs in January, while reading the average hourly income index may show that the growth accelerated to 0.3% compared to 0.2%.

This comes in conjunction with the release of the trade balance reading, which may reflect the narrowing of the deficit to $ 46.3 billion compared to $ 48.9 billion in December, and before the disclosure of the final reading of the wholesale inventory index, which may explain the stability of the decline at 0.2%, up to the participation of Williams along with a member Another on the Federal Reserve is Boston Fed President Eric Rosengren at a panel discussion titled "Monetary Policy and Lower Zero" in New York.

It is noteworthy that the Federal Reserve held a surprising meeting last Tuesday through which the members of the Federal Open Market Committee decided to reduce the interest on federal funds by 50 basis points to between 1.00% and 1.25% after fixing them in the previous two meetings of the Federal Reserve at between 1.50% and 1. 75%, and after reducing it three times by 25 basis points in previous meetings last year.

In the same vein, we also followed up on Tuesday, the press conference held by Federal Reserve Governor Jerome Powell after the decision to suddenly reduce markets to short-term benchmark interest rates, through which he noted that the decision came to support the American economy, while touching that over the past years wages increased and improved The labor market and that the committee has repeatedly stressed that the current monetary policy is appropriate.

Technical analysis

The Australian dollar versus the US dollar maintains its stability within the descending channel that appears on the above chart, and presents negative trades in an attempt to resume the main downside trend, to keep the downside scenario based on the intraday and short term, which targets 0.6465 as a first station.

On the other hand, it should be noted that breaching 0.6610 then 0.6670 levels will stop the expected decline and push the price to start a bullish corrective wave.

The expected trading range for today is between 0.6520 support and 0.6650 resistance.

Expected trend for today: bearish.

When buying an option against a trend, it is necessary to confirm other technical analysis tools – the presence of divergence, candlestick reversal patterns. Buy against the trend strictly on the retest level! Buying an option before publishing important economic news is considered risky.  The expiration time depends on the strength of the level and confirmation by additional technical and fundamental analysis tools.