The pair opens today’s trading with bearish bias testing 1.2900, where it settles below the EMA50, supporting our intraday bearish trend expectations, as we continue in preferring negative trading that mainly targets 1.2725
Stochastic provides negative trading that supports the suggested expectations which remain valid conditioned by the stability below 1.2970
Expected trading range for today is between: 1.2750 support and 1.3000 resistance.
Expected trend for today: Bearish