The pair remains affected by the intraday negativity by trading below 156.75 to expect more negative pressure in the near period to achieve the moving average around 153.70, while generally, the main bullish bias remains in the upcoming period if the main support level for the bullish channel remained intact around 151.30, to expect returning the bullish bias after the end of the intraday bearish wave.
Stochastic adds more negative pressure for the current period by settling in the oversold level as appears in the above chart.
Expected trading range is between 156.70 and 153.70
Expected trend for today: bearish