The pair’s trading settled near 1.2900 after finding a critical horizontal support for the short term trend at 1.2880, this support represents a neckline for a potential bearish pattern is forming now, and breaking it will pull the price towards levels around 1.2650.
Now, we need to continue in our neutrality to monitor the price behavior according to the critical levels between 1.2880 support and 1.3020 resistance.
Expected trading range for today is between: 1.2720 support and 1.3100 resistance.
Expected trend for today: Neutral