The pair attempts to settle below the initial support in Friday’s trading recording negative level towards 154.95 to return to settle above the support 155.35, thus we remain waiting new signal that allows the price to settle below the previous support to visit the initial target level around 154.00 followed by 152.85
Stochastic attempts to settle above 50 level supporting the main and bullish bias to provide a possibility for visiting 147.35 if the previously mentioned initial support level remained stable, thus we must wait the required breaking signal to confirm the expected correctional bearish bias.
Expected trading range is between 156.50 and 154.00
Expected trend: bearish