The pair was affected by Stochastic decline towards 50 level to make the trading settles below the resistance level 156.60 to notice forming bearish wave since the morning trading, which allows the price to settle through this wave at 156.10, thus we continue in expecting the sideways trading to limit the price between 155.00 and the mentioned resistance level.
Carefully note that the pair remains affected by the bullish bias if the trading settled above the moving average 55 at 152.00, and the existence of the initial support level at 154.30 as appears in the above chart.
Expected trading range is between 155.000 and 156.60
Expected trend for today: bearish if the main resistance remains intact.