The pair continued its decline to reach the wider sideways’ range support that appears in the image at 1.2970, noticing the contradiction between the negative pressure that is come from EMA50 and the positive signal of Stochastic.
Therefore, we are forced to remain neutral until getting clearer confirmation signals for the trend, pointing that confirming breaking below 1.2970 will push the price to visit 1.2725 as a main initial signal.
Expected trading range for today is between: 1.2800 support and 1.3100 resistance.
Expected trend for today: Neutral