The pair opens today’s trading with clear rise surpassing 1.3690 level, and we can see a double bottom pattern that appears on the chart, completed by breaching above 1.3715, which opens the way for more positive moves for today.
Now, we need to stay aside temporarily to monitor the price behavior according to the key levels between 1.3690 support and 1.3825 resistance to confirm the next trend, as breaching the mentioned resistance will turn the price back to the upside channel and confirms stopping the recent bearish correction.
Expected trading range for today is between: 1.3620 support and 1.3825 resistance.
Expected trend for today: Neutral