The pair attempts to offer some bullish bias and settles above the bearish channel’s resistance line which was breached previously, while stochastic continues to show more oversold signals, which supports the chances of turning back to the upside track.
But, until now, we still prefer staying aside until the price confirms breaching above 0.8205 with a daily close above it to confirm regaining the bullish trend.
Expected trading range for today is between: 0.8100 support and 0.8270 resistance.
Expected trend for today: Neutral