The pair found solid support at 0.8060, to bounce positively and settles above the bearish channel’s resistance that appears on the image, providing recovery signals on the intraday basis, supported by stochastic positivity.
But, until now, we still prefer staying neutral until the price confirms its next trend through breaching one of the trend keys represented by 0.8060 support and 0.8205 resistance, as breaking this support will extend the bearish wave to reach 0.7920, while breaching above the resistance will turn the price back to the upside track, with targets that begin at 0.8385.
Expected trading range for today is between: 0.8000 support and 0.8250 resistance.
Expected trend for today: Neutral