The pair closed yesterday’s trading exactly at the critical level 1.0420, noticing that the price begins today’s trading with clear positivity moving towards a new retest for the breached wedge support which turns into resistance now at 1.0535
For today, we suggest witnessing positive trading towards the mentioned level, with being aware that monitoring the price behavior when reaching this level is important, hence breaching it will postpone the return of the bullish trend on the short term basis.
Expected trading range for today is between: 1.0365 support and 1.0600 resistance.
Expected trend for today: Neutral