The price collapsed to break the rising wedge support mentioned in our last report, where the wedge’s negative effect shown by pushing the price towards levels near to 1700.00
We expect that the price might be traded now in sideways range between the correction levels which shown in the image between 1731.00 and 1692.00, while surpassing one of these levels the price will provide a clearer trend on the short term basis.
Expected trading range for today is between: 1700.00 support and 1744.00 resistance.
Expected trend for this week: sideways