The pair declined in yesterday’s trading to reach the first target around 141.90 approaching from achieving the second target around 140.90, therefore we remain in our bearish expectation for today and there is a potential fluctuation between Fibonacci levels as appears in the chart.
Stochastic attempts to breach above 20 level to settle within the oversold level supporting our bearish overview, carefully note that breaking below 140.90 will push the price to visit 140.45 and extends towards 139.75.
Expected trading range is between 142.00 and 140.40
Expected trend: bearish